CEMEX Reaches Agreement to Sell Non-
CoreAggregates and Concrete Block Assets in
July 08, 2010 05:33 PM Eastern Daylight Time
MONTERREY, México--(EON: Enhanced Online News)--CEMEX, S.A.B. de C.V. (NYSE: CX) announced
today that it has reached an agreement to sell seven aggregates quarries, three resale aggregate distribution centers,
and one concrete block manufacturing facility in Kentucky to Bluegrass Materials Company, LLC for U.S.$90
These assets were acquired by CEMEX in 2007 as part of the Rinker Group acquisition. The facilities and
properties were deemed non-core assets for CEMEX’s integrated cement, concrete, aggregates and building
materials operations throughout the United States.
Proceeds from the sale, which is expected to close during the third quarter of 2010, will be used by CEMEX to
reduce its outstanding debt and to enhance its liquidity position.
CEMEX is a global building materials company that provides high-quality products and reliable service to customers
and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-
being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to
promote a sustainable future. For more information, visit www.cemex.com.
Bluegrass Materials Company, LLC is a wholly owned subsidiary of Panadero Aggregates Holdings, LLC
("Panadero"). Panadero was formed in 2010 by John D. Baker II and Edward L. Baker II, formerly of Florida
Rock Industries, to invest in aggregates and other construction materials businesses.
This press release contains forward-looking statements and information that are necessarily subject to risks,
uncertainties, and assumptions. Many factors could cause the actual results, performance, or achievements
of CEMEX to be materially different from those expressed or implied in this release, including, among
others, changes in general economic, political, governmental and business conditions gl