S&C Advises Cementos Argos in $660 Million Purchase of HeidelbergCement U.S. AssetsAugust 18, 2016
S&C is representing Cementos Argos S.A. in connection with its subsidiary Argos USA LLC's agreement with HeidelbergCement AG, through its subsidiaries Essroc Corp. and Lehigh Hanson, Inc., to acquire its Martinsburg, West Virginia, cement plant and eight related terminals for $660 million.
Argos is a multinational company that produces and markets cement and ready mix concrete through its operations in Colombia, the United States, Central America and the Caribbean. In the cement industry, Argos is the leader in Colombia, the fifth largest producer in Latin America, and the second largest in the southeast of the United States.
The S&C team was led by Mr. Galvis and Mr. Ahlers. Mr. Estes advised on financing matters, Mr. Schlein advised on real estate matters, Mr. Rogers advised on labor and employment matters, Mr. Creamer advised on tax matters and Mr. Holley advised on antitrust matters.