Through its Texas Lehigh Cement Co. subsidiary, Dallas-based Eagle Materials Inc. has acquired a minority stake in Houston Cement Co., which operates
Through its Texas Lehigh Cement Co. subsidiary, Dallas-based Eagle Materials Inc. has acquired a minority stake in Houston Cement Co., which operates two import terminals along the Houston Ship Channel. The investment will see Houston Cement, a two-year-old joint venture between Ash Grove Texas L.P. (Houston) and Alamo Cement Co. (San Antonio), set for annual throughput capacity up to 3 million metric tons. Sales from the terminals will be managed independently by Ash Grove, Alamo and Texas Lehigh to their respective customers. Eagle Materials is a 50/50 partner in Texas Lehigh with Lehigh Cement Co., Allentown, Pa. Ash Grove and Alamo Cement created the Houston Cement venture in 2004, initially targeting construction of a 100,000-metric-ton storage terminal, which was recently opened. Houston Cement’s second terminal is a smaller facility Ash Grove operated prior to hooking up with Alamo Cement. Texas Lehigh’s existing Houston terminal remains separate from Houston Cement.