Cemex announced that it has reached an agreement to acquire all assets of Omega Products International, a leading manufacturer of stucco in the western US. Omega generates approximately US$23 million in EBITDA per year.
With more than 50 years of experience, Omega offers one of the industry’s most comprehensive product portfolios, serving both residential and commercial sectors through four strategically located production facilities in California, Nevada, and Colorado, which offer significant synergies with Cemex’s US business.
This acquisition strengthens Cemex’s position in the US broader mortars market, a segment growing faster than the general construction sector. Stucco contributes to construction efficiency, energy savings, and building longevity – key drivers of urbanisation and renovation.
“This transaction aligns with our US growth strategy, enabling us to expand into the stucco market through a capital-efficient platform with strong strategic synergies that overlap significantly with our cement, aggregates and admixture facilities in the western US,” said Jaime Muguiro, CEO of Cemex. “Omega’s market leadership and specialised portfolio will accelerate value creation and strengthen relationships with key stakeholders in the construction ecosystem.”
Todd Martin, CEO of Omega, added, "We are excited to enter a new phase of growth. Cemex will provide us with a broader customer base and access to extensive logistics and R&D capabilities, thereby accelerating our market expansion. We are immensely thankful to the Thompson Family, under their leadership, Omega has grown into one of the most successful privately held stucco companies."
The transaction currently meets Cemex’s return and free cash flow conversion criteria, with an expected post-synergy multiple below 7x. This transaction continues to reinforce Cemex’s commitment to disciplined capital allocation and long-term shareholder value, while supporting its strategy to expand US operations and diversify into high-growth performance materials.
The JIAN Group represented Omega Products International in this transaction and acted as advisor to the seller.
The transaction is expected to close during the first quarter of 2026.
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