Cemex acquisition of Atlantic Minerals complete

Cemex USA finalized its acquisition of Atlantic Minerals Limited, securing new long-term aggregate reserves in Newfoundland, Canada.

According to Cemex, the acquired assets include a construction and chemical aggregate quarry and port operations. The new business will be operated as Cemex Materials Newfoundland.

With the acquisition, Cemex says it is well-positioned to supply construction aggregates that support the sustained growth expected in Florida, as well as along the Eastern Coast of the U.S.

“This acquisition significantly strengthens our existing network and enables us to serve new markets,” says Jaime Muguiro, Cemex USA president. “I look forward to building on the success of this business as we meet increased demand from the private and public sectors, including critical investments in federal and state infrastructure.”