Eagle Materials has announced it is set to acquire Bullskin Stone & Lime after it entered a definitive agreement.
According to the company, the purchase price is $152.5 million, subject to customary post-closing adjustments. The transaction is expected to close in the next 60 days, subject to the satisfaction of customary closing conditions.
Bullskin Stone & Lime is based in Western Pennsylvania with its construction materials used in the Pittsburgh and broader Western Pennsylvania markets.
“The acquisition of Bullskin Stone & Lime further advances Eagle’s long-term growth strategy by adding a pure-play aggregates business that complements and extends our network of aggregates quarries and cement plants and terminals in the region,” said Michael Haack, president and chief executive officer of Eagle Materials.
“We look forward to welcoming Bullskin employees to the Eagle Materials organisation and are excited about the opportunities this business presents for us moving forward.”
The transaction will expand Eagle Materials’ network of more than 70 facilities spanning 21 states and headquarters in Dallas, Texas.
