Eagle Materials Signs Agreement to Acquire Aggregates Business in Western Pennsylvania

On December 10, 2024, Eagle Materials Inc., a Delaware corporation, disclosed in an 8-K filing with the Securities and Exchange Commission that it has officially entered into a definitive agreement to acquire an aggregates business situated in Western Pennsylvania. The acquisition involves Bullskin Stone & Lime, LLC, a pure-play aggregates business operating in the Western Pennsylvania region, notably serving the Pittsburgh area and beyond.

The transaction is set at a purchase price of $152.5 million, subject to standard post-closing adjustments. The company anticipates finalizing the acquisition within the next 60 days, pending the fulfillment of customary closing conditions.

In response to the agreement, Michael Haack, President and CEO of Eagle Materials, expressed, “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.”

Eagle Materials Inc. is renowned as a prominent manufacturer in the United States, specializing in heavy construction products and light building materials. The company’s core products, Portland Cement and Gypsum Wallboard, play a crucial role in the development and maintenance of infrastructure across the nation, including roads, highways, and various residential, commercial, and industrial structures. With a presence in more than 70 facilities spanning 21 states, Eagle Materials is headquartered in Dallas, Texas.

For further details regarding this acquisition or Eagle Materials Inc., interested parties may contact the company directly at 214-432-2000. Key executives of Eagle Materials include President and Chief Executive Officer Michael R. Haack, Executive Vice President, Finance, and Administration and CFO D. Craig Kesler, and Senior Vice President of Investor Relations, Strategy, and Corporate Development, Alex Haddock.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Eagle Materials’s 8K filing here.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.