Cementos Argos SA is buying Vulcan Materials Co.’s (NYSE: VMC) cement and concrete businsses in the Florida area for $720 million.

The deal includes Vulcan’s Newberry, Fla., cement plant, Tampa and Port Manatee, Fla. Cement terminals and grinding facilities, 69 ready-mixed concrete sites and 13 concrete block and building material sites. Cementos is a Colombian company that operates cement and concrete products plans in Colombia, Central America, the Caribbean and the U.S.

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