Eagle Materials Announces Agreement to Acquire Pure-Play Aggregates Asset in Western Pennsylvania
December 10 2024 - 3:15PM
Business Wire
Eagle Materials Inc. (NYSE: EXP) today announced it has entered
into a definitive agreement to acquire Bullskin Stone & Lime,
LLC, a pure-play aggregates business located in Western
Pennsylvania. The business serves the Pittsburgh and broader
Western Pennsylvania markets.
The purchase price is $152.5 million, subject to customary
post-closing adjustments. The transaction is expected to close in
the next 60 days, subject to the satisfaction of customary closing
conditions.
Commenting on the acquisition, Michael Haack, President and CEO,
said, “The acquisition of Bullskin Stone & Lime further
advances Eagle’s long-term growth strategy by adding a pure-play
aggregates business that complements and extends our network of
aggregates quarries and cement plants and terminals in the region.
We look forward to welcoming Bullskin employees to the Eagle
Materials organization and are excited about the opportunities this
business presents for us moving forward.”
About Eagle Materials Inc.
Eagle Materials Inc. is a leading U.S. manufacturer of heavy
construction products and light building materials. Eagle’s primary
products, Portland Cement and Gypsum Wallboard, are essential for
building, expanding and repairing roads and highways and for
building and renovating residential, commercial and industrial
structures across America. Eagle manufactures and sells its
products through a network of more than 70 facilities spanning 21
states and is headquartered in Dallas, Texas. Visit
eaglematerials.com for more information.
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version on businesswire.com: https://www.businesswire.com/news/home/20241210376143/en/
For additional information, contact at
214-432-2000.
Michael R. Haack President and Chief Executive Officer
D. Craig Kesler Executive Vice President, Finance and
Administration and CFO Alex Haddock Senior Vice President,
Investor Relations, Strategy and Corporate Development
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