Ergon to buy SemGroup's asphalt business in Mexico
Ergon Asfaltos Mexico and Ergon Mexico HC, both subsidiaries of Ergon Asphalt & Emulsions, announce finalization of an agreement to purchase the asphalt business of SemMaterials Mexico. This agreement includes the purchase of membership interests of the following entities from SemMaterials and SemMexico: SemMexico Materials HC s. de R.L. de C.V., SemMaterials HC Mexico S. de R.L. de C.V., SemMaterials Mexico S. de R.L. de C.V. and SemMaterials SC Mexico S. de R.L. de C.V. Ergon plans to retain the current employees in the Mexico facilities, including the existing management team. The SemMaterials Mexico sale is expected to close early in 2Q18, subject to the receipt of certain governmental approvals and the satisfaction of other customary closing conditions.