Eagle looks east in cement, inking $400 million Cemex Fairborn mill deal

Sources: Eagle Materials Inc., Dallas; CP staff

A definitive agreement with Cemex S.A.B. de C.V. will net Eagle Materials a Xenia, Ohio (Fairborn) cement plant, plus Columbus terminal, cement bagging operation and related assets. The $400 million deal is projected to close in the fourth quarter and could increase the suitor’s cement output by up to 20 percent.

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