M&A Deal Summary

Eagle Materials Acquires Kosmos Cement

On November 26, 2019, Eagle Materials acquired building materials company Kosmos Cement from CEMEX for 665M USD

Acquisition Highlights
  • This is Eagle Materials’ 2nd transaction in the Building Materials sector.
  • This is Eagle Materials’ largest (disclosed) transaction.
  • This is Eagle Materials’ 4th transaction in the United States.
  • This is Eagle Materials’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2019-11-26
Target Kosmos Cement
Sector Building Materials
Buyer(s) Eagle Materials
Sellers(s) CEMEX
Deal Type Divestiture
Deal Value 665M USD

Target

Kosmos Cement

Louisville, Kentucky, United States
Kosmos Cement Co. is a producer of nearly 1.7 million tons of cement annually. Kosmos Cement is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

Eagle Materials

Dallas, Texas, United States
Category Company
Founded 1963
Sector Building Materials
Employees2,600
Revenue 2.3B USD (2024)
DESCRIPTION

Eagle Materials is a diversified producer of basic building materials used in residential, industrial, commercial and infrastructure construction and in oil and gas production. Eagle Materials was incorporated in 1963 and is based in Dallas, Texas.

DEAL STATS #
Overall 4 of 5
Sector (Building Materials) 2 of 3
Type (Divestiture) 2 of 3
State (Kentucky) 1 of 1
Country (United States) 4 of 5
Year (2019) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 Wildcat Minerals

Lakewood, Colorado, United States

Wildcat Minerals LLC is an independent provider of transloading, distribution, and logistics for oilfield consumables, primarily proppant, used in the hydraulic fracturing process. Wildcat Minerals was founded in 2007 and is based in Lakewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Martin Marietta - Cement Import Business

Raleigh, North Carolina, United States

Martin Marietta's Cement Import Business and distribution business in Northern California, which includes its cement terminal in Stockton and also strengthen distribution reach across heartland US cement manufacturing system. Martin Marietta's Cement Import Business is based in Raleigh, North Carolina.

Buy -

Seller(S) 1

SELLER

CEMEX

San Pedro Garza Garcia, Mexico
Category Company
Founded 1906
Sector Building Materials
Employees46,134
Revenue 17.4B USD (2023)
DESCRIPTION
CEMEX plant in Port Everglades, Florida.
CEMEX plant in Port Everglades, Florida.

CEMEX is a building materials company that provides high quality products and reliable service to customers and communities throughout the Americas, Europe, Africa, the Middle East, and Asia. Company produce, distribute, and sell cement, ready-mix concrete, aggregates, and related building materials in more than 50 countries, and company maintain trade relationships in approximately 108 nations. CEMEX was incorporated in 1906 and is based in San Pedro Garza García, Mexico.

DEAL STATS #
Overall 6 of 7
Sector (Building Materials) 4 of 5
Type (Divestiture) 6 of 7
State (Kentucky) 2 of 2
Country (United States) 3 of 3
Year (2019) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-30 CEMEX S.A.B. de C.V. - White Cement Plant

Buñol, Spain

CEMEX S.A.B. de C.V. - White Cement Plant is a producer of cement in Spain.

Sell $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 CEMEX S.A.B. de C.V. - UK Assets

Garza Garcia, Mexico

CEMEX S.A.B. de C.V. - UK Assets encompass approximately 100 active operations across six divisions located in Scotland, Wales, North-East England, Norfolk, the East Midlands, and Yorkshire.

Sell £155M
Mergr

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