Texas Industries (TXI) Sells Stafford, TX, Assets; Includes 154 Acres of Land

April 23, 2012 5:16 PM EDT
Texas Industries, Inc. (NYSE: TXI) a leading cement, aggregate and concrete manufacturer, announced the sale of its aggregate rail distribution terminal and associated assets located in Stafford, Texas to Lex Missouri City, LP, effective April 20, 2012.

The transaction included the sale of approximately 154 acres of land, with rail connection to the Union Pacific Railroad, and the sale of related assets used to receive and distribute aggregates to construction projects in the southwest Houston area. TXI will continue to operate its aggregate distribution terminal located in Katy, Texas, west of Houston.

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