Cemex announced today that it is in the process of divesting certain operations in Colombia. The divestment is expected to take place through several separate transactions with different parties, for a combined purchase price of approximately US$555 million, at an approximate 10x multiple of 2025 EBITDA.
As a first step, Cemex entered into an agreement with the Holcim Group to sell a cement plant (Caracolito), a grinding mill (Santa Rosa), and a portfolio of ready‑mix concrete, aggregates, mortar, and admixture plants for a purchase price of US$485 million. The transaction with Holcim is currently expected to close at the end of the year, subject to customary closing conditions, including regulatory approvals.
In addition, Cemex is currently negotiating with other third parties the sale of remaining assets in the same general geographic area that were not included in the transaction with Holcim, which the company expects to generate approximately US$70 million in additional proceeds.
"We are pleased with the continued progress we are making in further streamlining our portfolio, while we focus on investing and strengthening our position in key geographies and businesses in the U.S., Europe, and Mexico," said Jaime Muguiro, CEO of Cemex. "We began our portfolio rebalancing effort in 2018 and have accomplished most of what we have set out to do."
Following the completion of these transactions, Cemex will retain two cement plants (Maceo and Cúcuta) in Colombia, with a total installed capacity of 1.6 million tons per year, as well as a grinding mill (Clemencia), ready‑mix concrete plants, and aggregates quarries. Together with our employees and long‑standing commercial partners, these assets will continue to underpin Cemex's competitive position and its ability to serve the Colombian market.
About Cemex
Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com
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