CEMENTOS ARGOS BECOMES SECOND MAJOR STAKEHOLDER IN CLASS C ASH FORMDLATOR CERATECH

摘要

Only three months after announcing that thircPlargest coal producer Alpha Natural Resources had acquired 10.3% of its business (with an option to increase the stake to 28.3% under certain future terms), Ceratech Inc., Alexandria, Va., has accepted another strategic equity investment from Colombian cement giant Cementos Argos, the fourth-largest U.S. concrete producer. The buy-in follows Argos' recent expansion of its U.S. presence through a $760 million purchase of Lafarge North America's Southeastern assets. The two companies will cooperate to develop and distribute Ceratech binder products through Argos' Mid-Atlantic, Southeast and Southwest markets.