CEMEX USA Announces Divestment in the Southeastern United States

HOUSTON--()--CEMEX USA announced today that it has signed an agreement for the sale of its gypsum wallboard business based in Florida to US LBM.

The proceeds obtained from this transaction, which will not be for a material amount, will be used mainly by CEMEX USA’s affiliates for debt reduction and for general corporate purposes.

The closing of this divestment is subject to the satisfaction of standard conditions for this type of transaction. CEMEX USA currently expects to finalize this transaction at any time prior to the end of 2015.

Bank of America Merrill Lynch and Citigroup acted as financial advisors to CEMEX in this transaction.

CEMEX USA’s network in the U.S. includes 13 cement plants, approximately 46 strategically located distribution terminals, 74 aggregate quarries and more than 350 ready-mix concrete plants. For more information on CEMEX USA, please visit: www.cemexusa.com.

For more information on US LBM, please visit: www.uslbm.com.

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 USA or the transaction herein described to be materially different from those expressed or implied in this release, including not satisfying all closing conditions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. CEMEX USA assumes no obligation to update or correct the information contained in this press release. CEMEX USA is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.

Contacts

CEMEX USA
Sara Engdahl, 713-722-1799
sara.engdahl@cemex.com

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