Eagle Materials Board: One company better than two

Sources: Eagle Materials Inc., Dallas; CP staff Sterling fiscal 2021 results, portfolio-streamlining measures, successful integration of Cemex USA cement plant and distribution assets valued at $665 million, plus market changes favoring critical corporate mass, underpin the tabling of a plan to split Eagle Materials into two separate, publicly traded companies. A 2019 strategic portfolio review, partly triggered by an activist…

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U.S. Concrete launches Caribbean platform, reshapes regional management

Sources: U.S. Concrete Inc., Euless, Texas; CP staff

U.S. Concrete has closed on the U.S. Virgin Islands’ principal ready mixed and aggregate source, Heavy Materials, LLC, plus the assets of peer operator Spartan Concrete Products, LLC. Their combined operations create a stronger vertically integrated platform to serve an extensive base of customers throughout the Virgin Islands and neighboring Caribbean islands.

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