Elementia Signs Letter of Intent to Acquire 55% of Giant Cement Holding, Inc.

MEXICO CITY--()--Elementia, S.A.B. de C.V. (“Elementia”, or the “Company”) announced today that it has signed a letter of intent with Cementos Portland Valderrivas, S.A., to acquire 55% of Giant Cement Holding, Inc.

Giant has well-established operations on the East Coast of the United States, including three cement plants, three limestone quarries, two aggregate quarries, six terminals, four waste handling facilities, as well as reputable brands with a solid customer base.

The acquisition of Giant will grant Elementia access to the third-largest cement market in the world.

The acquisition is subject to obtaining all applicable regulatory approvals and the completion of the internal processes by both companies.

Contacts

Elementia, S.A.B. de C.V.
Juan Francisco Sánchez Kramer, (+5255) 5728 5300
Interim CFO and IRO

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