Vulcan Materials sees FY14 gain of $1.00 per share from sale of cement busines Vulcan Materials announced that it has completed the previously announced sale of the company's cement and concrete businesses in the Florida area to Cementos Argos for gross cash proceeds of $720M. Under a separate supply agreement, Vulcan will continue to provide aggregates to the divested concrete facilities, at market prices, for a period of 20 years. The completion of the asset sale to Cementos Argos and related restructuring and other transaction-related expenses are expected to result in a pretax gain of approximately $210M, or $1.00 per diluted share for 2014.
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