Eagle Materials

Eagle Materials Inc.
Public
Traded as NYSE: EXP
Industry Cement
Founded 1963
Headquarters Dallas, Texas, United States
Key people
 Steven R. Rowley
( Chief Exec. Officer, Pres and Director) (2012.12)
Products cement, concrete and aggregate, gypsum wallboard, paperboard
Website www.eaglematerials.com

Eagle Materials Inc. (NYSE: EXP) is a building materials company based in Dallas, Texas. The company was established in 1963. Until 2014, it owned 6 cement plants, 4 gypsum wallboard plants, 1 recycled paperboard plant, 9 concrete batching plants and 2 aggregates facilities. Eagle Materials Inc. once was part of Centex Corporation.[1][2][3] In 2013 Eagle replaced Regeneron in the S&P MidCap 400.[4]

History

Eagle Materials Inc was first set up by Centex Corporation in the 1960s and its original name is Centex Construction Products. In 2004 Centex sold its 65% interest and Eagle Materials Inc became an independent company. In the 2000s Eagle Materials spent $65 million to purchase an Illinois Cement Company plant in LaSalle, IL. American Gypsum built a new plant near Georgetown, SC (2005-2008). Texas Lehigh Cement invested in Houston Cement Import Terminals.

In 2012 Eagle Materials acquired two Lafarge cement plants[5] for $446 million, which would increase Eagle Materials' cement production capacity by 1.6 million tons, or roughly 60 percent.[6]

Products & Services

Eagle mainly offers four kinds of products: Cement (limestone), Gypsum Wallboard, Recycled Paperboard (containerboard, lightweight packaging and industrial paperboard grades), and Concrete and Aggregates. The Company sells cement mainly in northern Nevada and California, the greater Chicago area, the Rocky Mountain region and Texas.[1][3]

References

  1. 1 2 "Business Summary".
  2. ↑ "About Us".
  3. 1 2 "Company full description". Reuters.
  4. ↑ "Regeneron Set to Join the S&P 500; Eagle Materials, CST Brands to Join the S&P MidCap 400; Francesca's, Northern Oil & Gas to Join the S&P SmallCap 600". The Wall Street Journal. 24 April 2013.
  5. ↑ "Eagle Materials-History".
  6. ↑ "Eagle Materials buys 2 cement plants in $446M deal".

External links

This article is issued from Wikipedia - version of the 11/13/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.