Cement News tagged under: Eagles Materials Inc
Building USA's largest domestic cement producer17 January 2020, Published under Cement NewsThis week Eagle Materials INC received the full approval of the US-based Federal Trade Commission (FCT) to acquire the assets of Kosmos Cement , a joint venture between Cemex and Buzzi Unicem. This clearance follows the initial announcement of the US$665m planned acquisition in November 2019 . While Cemex is currently on a path of divesting its non-core businesses, Eagle Materials Inc is steadily expanding its cement portfolio in USA and the addition of Kosmos Cement will add the 1.7Mst... |
Eagles Materials Inc appoints new director to the Board02 November 2017, Published under Cement NewsBusiness Wire reports that Eagle Materials Inc has appointed Margot Carter to its Board of Directors. Ms Carter now serves as the lead independent director, Chair of the Nominating and Governance Committee, is a member of the Audit Committee of Installed Building Products, and a director of Freeman Company. “I look forward to working with the team as Eagle continues to grow and innovate,” said Ms Carter. |
Eagle Materials Inc 2Q fiscal 2017 cement volumes rise26 October 2017, Published under Cement NewsEagle Materials Inc reported that in its financial results for the 2Q fiscal 2017, ended 30 September 2017, cement volumes were up 12 per cent, including the Fairborn business, while the Texas Lehigh cement joint venture volumes were down six per cent. The company also benefitted from cement prices being up seven per cent overall. Second-quarter EBITDA increased five per cent, reflecting the financial results of the recently-acquired cement plant in Fairborn, Ohio, and related assets (the... |
USA: Eagles Materials to buy Cemex Fairborn plant13 September 2016, Published under Cement NewsCemex US has signed a definitive agreement for the sale of its Fairborn (OH) cement plant and cement terminal in Columbus (OH), including a bagging operation to Eagle Materials Inc for approximately US$400m. The 2016 EBITDA for the divested assets is estimated to be US$33m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The Bank of America Merrill Lynch is acting as financial advisor to Cemex in this transaction. ... |
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