Mitsubishi Materials Corporation, Japan's second-largest cement seller, has announced that it intends to spend 900 million US dollars to take control of US concrete firm Robertson's Ready Mix, shrugging off the US housing downturn. The deal to take majority control of the unlisted Californian firm is the latest of many consolidation moves in the US sector, as companies such as Mexico's Cemex and Japan's Taiheiyo Cement seek to integrate cement production with downstream operations including concrete.
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