Eagle Materials began as a division of Centex Corporation in 1963, under the name Centex Construction Products. Over time, Centex’s building products unit was developed, expanded, and eventually spun off: in January 2004, Centex distributed its shares of the business to its shareholders and the entity was renamed Eagle Materials Inc. Since then, Eagle has grown via internal expansion and strategic acquisitions—such as the purchase of Lafarge plants in Missouri and Oklahoma, the acquisition of a Cemex cement plant in Ohio, and the addition of a frac-sand supplier (CRS Proppants) to broaden its material offerings.
Eagle Materials is a diversified building-materials manufacturer serving heavy construction and light building markets. Its principal product lines include Portland cement, gypsum wallboard, concrete and aggregates, and recycled paperboard (used in wallboard manufacture). The company supports its core materials business with a network of production and distribution assets: multiple cement plants (some in joint venture), wallboard plants, distribution terminals, aggregate/quarry sites, and sand processing facilities for frac-sand. Eagle also recently announced the acquisition of Bullskin Stone & Lime, LLC, expanding its aggregates footprint in western Pennsylvania.
Eagle aims to be a low-cost, integrated supplier of essential building materials whose products are foundational to infrastructure, residential, and commercial construction. (Its website highlights strengths such as “strategically located plant network, production flexibility, low-cost producer position, and significant owned raw materials.”) Because its product set is broad but deeply interconnected (e.g. wallboard relies on recycled paperboard, aggregates feed into concrete and cement, etc.), the company can capture internal synergies and improve margin control. Its geographic diversity across many U.S. states helps mitigate localized construction cycles, while periodic acquisitions and internal expansions allow Eagle to scale and optimize capacity in response to demand shifts.