US: Mexico-based Cemex has announced it has reached an agreement to acquire all the assets of the US stucco manufacturer Omega Products International, with the aim of strengthening its position in its northern neighbour. The transaction amount was not disclosed. However, Cemex stated that Omega generates approximately US$23m in operating cash flow annually.
“This transaction aligns with our growth strategy in the US, as it allows us to expand in the stucco market through a capital-efficient platform, with strong strategic synergies that significantly complement our cement, aggregates, and additives facilities in the Western United States,” said Jaime Muguiro, CEO of Cemex, in a statement. “Omega’s market leadership and specialised portfolio will accelerate value creation and strengthen relationships with key players in the construction ecosystem.”
The company expects to close the transaction in the first quarter of 2026.
