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CEMEX cements acquisition of ProStein

CEMEX has completed the acquisition of a 53 per cent stake in German aggregates company ProStein.

The investment expands CEMEX’s aggregates business in the region while increasing the lifespan of its aggregates reserves in Europe. The company’s aggregates sales in Germany are expected to double with the acquisition.

ProStein’s assets include six active hardstone plants and six construction, demolition, and excavation waste (CDEW) recovery sites.

This deal is part of CEMEX’s bolt-on investment pipeline within its Operation Resilience strategy, which focusses on de-risking the company and injecting growth into its portfolio while advancing its sustainability agenda.

(CemNet)