- Published: Thursday, 11 August 2011 19:42
- Written by Cement Americas News
Sources: Texas Industries, Inc., Dallas; Cemex USA, Houston; CP staff
TXI announced that its subsidiary has entered into an asset swap with Cemex USA, in which TXI will acquire the ready mix and aggregate operations of Cemex that serve the Austin metropolitan market. The transaction was finalized July 29 and brings TXI one aggregate and three ready mixed concrete plants. "While times remain challenging, we will continue to investigate opportunities that enhance the company's long-term strategic position," said TXI CEO Mel Brekhus.