Taiheiyo Cement buys RMC's concrete and aggregate business in Arizona for £8.7m.

Cemex has sold RMC’s ready-mixed concrete and agggregate operations in the US to Taiheiyo Cement for £8.7m.

The Mexican-based company, which acquired RMC in September 2004, sold the Arizona-based arm to avoid violating America’s antitrust laws.

The purchase will enable Taiheiyo Cement to increase its sales of California Portland sales by about £55m.