Eagle Materials sells ‘non-core’ assets
Published by Emily Thomas,
Deputy Editor
World Cement,
Eagle Materials Inc has announced that the company has sold its Western Aggregates and Mathews Readymix operations for US$93.5 million to Teichert, a California-based construction company. Western Aggregates vested-rights-to-mine covers 3900 acres and includes over 900 million t of aggregates. Mathews Ready Mix assets include three concrete batch plant locations and 26 trucks.
Michael Haack, Eagle Materials President and Chief Executive Officer, commented, “This transaction represents the sale of non-core assets on the heavy-side of our company. In using the term ‘non-core’ I mean that they do not provide essential support to our primary cement plant network. We are especially keen on having the most strategically coherent set of heavy-side assets established in advance of our previously announced spin-off. These divestitures along with the integration of the Kosmos cement plant acquisition, create a focused heavy materials business with a broad capability to serve US heartland cement markets.”
Read the article online at: https://www.worldcement.com/the-americas/20042020/eagle-materials-sells-non-core-assets/
You might also like
World Cement Podcast
Alfie Lloyd-Perks sits down with Christopher Ashworth, President of FLSmidth Cement, for a discussion covering: the journey to decarbonisation, the importance of partnerships and collaboration, the role of digitalisation, and more...
GCCA announces the launch of Low Carbon Ratings (LCR) for cement and concrete
The Global Cement and Concrete Association (GCCA) announces the launch of Low Carbon Ratings (LCR) for cement and concrete – a first-of-its-kind transparent global rating system that will enable cement and concrete to be identified based on their carbon footprints.
