Eagle Materials

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Eagle Materials Inc.
Public
Traded as NYSEEXP
S&P 400 Component[1]
Industry Cement
Founded 1963
Headquarters Dallas, Texas, United States
Key people
Steven R. Rowley (CEO)
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.[citation needed][clarification needed] Eagle Materials Inc. once was part of Centex Corporation.[2][3][4] In 2013 Eagle replaced Regeneron in the S&P MidCap 400.[1]

History[edit]

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[edit]

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 Chicago area, the Rocky Mountain region and Texas.[2][4]

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