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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Eagle Materials/American Gypsum chief Powers to succeed CEO Rowley

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Dallas-based Eagle Materials Inc. has announced the retirement of President and CEO Steve Rowley effective March 31. The cement, aggregate, ready mixed concrete and wallboard producer notes that his decision, stemming from post-surgery health matters, brings “to a close a remarkable career of 25 years of continuous service to the company and its stockholders.”

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Eagle Materials/American Gypsum chief Powers to succeed CEO Rowley

Sources: Eagle Materials Inc., Dallas; CP staff

Eagle Materials has announced the retirement of President and CEO Steve Rowley effective March 31. The cement, aggregate, ready mixed concrete and wallboard producer notes that his decision, stemming from post-surgery health matters, brings “to a close a remarkable career of 25 years of continuous service to the company and its stockholders.”

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With FTC nod, Buzzi, Eagle surface as latest Lafarge, Holcim asset suitors

Sources: CP staff; Federal Trade Commission, Washington, D.C.

The FTC has opened to public comment a proposed consent agreement settling a complaint alleging that the Holcim Ltd. and Lafarge S.A. merger would likely harm competition in the U.S. It details a portfolio of Holcim (US) Inc. and Lafarge North America portland cement and slag cement production and distribution assets to be divested in conjunction with the parent companies’ union.

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PRODUCERS – February 2015

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Dallas-based cement, aggregate and ready mixed producer Eagle Materials Inc. has appointed Michael Haack to chief operating officer, a post created in response to the company’s continued strategic expansion in construction and energy-related markets. He joins Eagle from Halliburton Energy Services, where over a 17-year career he assumed key operating roles, most recently managing global operations for Sperry Drilling, a multi-billion dollar division serving Halliburton operations in every major global oil and gas market. Haack earned a Master of Business Administration degree from Rice University, and holds a Master of Science degree from Texas A&M University and a Bachelor of Science degree from Purdue University, both in Industrial Engineering.

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Lafarge retreats from Maryland-D.C. market in Bluegrass Materials deal

Sources: Lafarge Group, Paris; Bluegrass Materials, Jacksonville, Fla.; CP staff

Lafarge North America’s pull back from key U.S. positions continues with the planned sale of Baltimore and western Maryland aggregates businesses to a four-year-old company backed by members of Florida Rock Industries’ founding family.

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Summit Materials closes on Westroc, Lafarge Wichita assets

Sources: Summit Materials, Washington, D.C.; CP staff

Ending a one-year drought of announced concrete and aggregate deals, Summit Materials has acquired Utah’s Westroc Inc. and certain Lafarge North America assets in Kansas.

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Blue Circle legacy fades as Lafarge NA unloads Georgia quarries

Sources: CP staff; Bluegrass Materials Co., Jacksonville, Fla.; Vulcan Materials Co., Birmingham, Ala.

Lafarge North America’s sale of its Georgia quarries-four to Bluegrass Materials, two to Vulcan Materials-marks a retreat from the Southeast and Blue Circle America assets parent company Lafarge Group placed under its control the past 12 years.

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$446M Lafarge NA asset deal yields Eagle Materials Great Plains platform

Sources: Eagle Materials Inc., Dallas; Lafarge Group, Paris; CP staff

By Don Marsh

Eagle Materials is projecting a November or December closing on Lafarge North America properties in Kansas, Missouri, Nebraska and Oklahoma: eight ready mixed concrete plants, two aggregate quarries plus a fly ash distribution business strategic to Kansas City; Sugar Creek, Mo., and Tulsa, Okla., cement mills; and six cement terminals in the four states. In the 12 months leading up to June 30, 2012, the operations logged $178 million in revenue.

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