Cemex US has signed a definitive agreement for the sale of its Fairborn (OH) cement plant and cement terminal in Columbus (OH), including a bagging operation to Eagle Materials Inc for approximately US$400m. The 2016 EBITDA for the divested assets is estimated to be US$33m.
The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The Bank of America Merrill Lynch is acting as financial advisor to Cemex in this transaction.
The Fairborn cement plant has a clinker capacity of 1Mta.
