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Cemex restructures amid U.S. housing crisis (from Corporate Dealmaker)

Cement maker Cemex SAB de CV says it is a growing global building materials company serving customers in more than 50 countries. From 1995 to 2001, the Mexican conglomerate did 25 acquisitions anticipating growth in the sector. Last year, it spent $16 billion on Australia's Rinker Ltd., which had 80% of operations in the U.S. Now, Cemex faces a battered U.S. housing market and a slowdown in key European markets ...

Posted on August 7, 2008 1:45 PM