Cemex USA announces divestment in the southeastern United States

Cemex USA announced Friday 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 transaction is expected to be completed by end-2015.

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