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Inmocemento SA's subsidiary CPV has entered into an agreement to sell its Keystone Cement business to Titan America for USD 310 million. The deal is expected to result in a cash inflow of about USD 123 million and an estimated capital gain of nearly USD 64 million for CPV. Keystone Cement operates in the US market, where consolidation among cement producers has been increasing. The transaction, subject to regulatory approvals, is expected to be completed in the second half of 2026.
Inmocemento SA's subsidiary CPV has agreed to divest its US-based Keystone Cement business to Titan America in a transaction valued at USD 310 million. The agreement marks a significant step in CPV's portfolio restructuring, with the company aiming to streamline operations and unlock value from non-core assets. Advertisement
The transaction is expected to generate a cash inflow of around USD 123 million for CPV. In addition to liquidity gains, the company has indicated that the sale could result in an estimated capital gain of approximately USD 64 million, strengthening its financial position.
Keystone Cement operates in the US cement market, which has seen consolidation in recent years as producers seek scale and efficiency amid fluctuating construction demand. Titan America, part of the Titan Group, already has a strong presence in the US building materials sector and has been expanding its footprint through targeted acquisitions.
The completion of the transaction is subject to customary regulatory approvals and closing conditions. The companies expect the deal to be finalised in the second half of 2026. Until closure, Keystone Cement will continue to operate under CPV's ownership.
For Inmocemento, the proposed sale aligns with earlier efforts to optimise its asset base and focus on core markets. Past divestments by the group have also been aimed at reducing debt and improving capital allocation, a strategy that has been closely watched by investors.
Source Reuters
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