Cementos Argos $660 million acquisition of HeidelbergCement assets

Overview:

• Colombian cement manufacturer Argos Cementos has acquired $660 million worth of US-based assets from the German HeidelbergCement.
• The assets include a cement factory in Martinsburg, West Virginia and eight connected terminals.
• The sale is part of an effort on the part of HeidelbergCement to meet antitrust requirements pertaining to its ongoing purchase of Italcementi.
• Sullivan & Cromwell (Sergio Galvis, Werner Ahlers, John Estes) advised Argos Cementos.
• Shearman & Sterling (Clare O'Brien, Rory O'Halloran) and Jones Day advised HeidelbergCement.

Kurt Stumpo - Journalist - North America and the Caribbean