Eagle Materials Buys 2 Cement plants in $446M deal

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    Construction materials supplier Eagle Materials Inc. is buying two cement plants and their affiliated operations from Lafarge North America for $446 million.

    The deal announced Wednesday will increase Dallas-based Eagle Materials' cement production capacity by 1.6 million tons, or roughly 60 percent.

    The plants are in Sugar Creek, Mo. and Tulsa, Okla.

    Eagle Materials also will get six distribution terminals, eight ready-mix concrete plants and a fly-ash business.

    The combined operations generated about $178 million in revenue during the year ending in June. Eagle Materials' revenue totaled $529 million during the same 12-month stretch.

    Lafarge's parent company, Lafarge SA, is based in Paris.