CEMEX expands into South Texas markets with new acquisition - CEMEX expands into South Texas markets with new acquisition
February 16, 2021
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that its U.S. operations are expanding its strong Texas network with the acquisition of a ready-mix business in San Antonio, TX, as part of its growth initiative.
CEMEX acquired the ready-mix assets of Beck Readymix Concrete Co. LTD., including three strategically located ready-mix concrete plants and one portable plant to service the San Antonio metropolitan area and surrounding areas.
“Texas is experiencing explosive growth, and CEMEX has repeatedly shown it is ready to make moves to help fuel it,” said CEMEX USA Texas Regional President Scott Ducoff. “By acquiring these facilities, CEMEX will be able to deliver our high-quality products that many Texans are already familiar with to satisfy the high demand of customers of one of the state’s most dynamic markets. We welcome our new employees and look forward to a smooth transition for them.”
CEMEX’s newly acquired operations sit roughly 40 kilometers (25 miles) from the company’s Balcones Cement Plant and Balcones Quarry in New Braunfels, Texas. CEMEX has operated both facilities since 1994. The Balcones Quarry, the largest aggregates quarry in the United States by volume per the U.S. Geological Survey, recently celebrated its 50th anniversary.
“CEMEX is proactively looking for opportunities to grow our operations in the U.S. and adapting to meet the needs of our customers,” said CEMEX USA President Jaime Muguiro. “We are excited that this acquisition will expand our product offering to customers in a market that’s been our neighbor for more than 25 years.”
CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit: www.cemex.com
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