Add another line to Lorenzo Zambrano's resume. The 55-year-old
CEO of Mexico's largest cement company, Cemex, made history with
the purchase of the Southdown, the United States' second largest
cement maker. The US$2.8 billion deal marks the biggest acquisition ever
for a Mexican company.
Cemex will issue company bonds to help finance the purchase of the
Houston-based company, which has an annual cement production capacity of
around 11 million tons. Cemex, operating in 22 countries, hopes to
double its production capacity over the next five years.