Cement producer Cemex to acquire stucco maker Omega Products in US West

Cement producer Cemex reached an agreement to acquire all assets of Omega Products International, a stucco manufacturer with operations in the western US, the company said in a press release Feb. 26.

Omega has four production facilities in California, Nevada and Colorado, and generates about $23 million in EBITDA per year, the statement says.

Cemex said the deal is intended to expand its position in the US mortars market and broaden its light construction materials business.

"This transaction aligns with our US growth strategy, enabling us to expand into the stucco market through a capital-efficient platform with strong strategic synergies that overlap significantly with our cement, aggregates and admixture facilities in the western US," said Jaime Muguiro, CEO of Cemex. "Omega's market leadership and specialized portfolio will accelerate value creation and strengthen relationships with key stakeholders in the construction ecosystem."

"Cemex will provide us with a broader customer base and access to extensive logistics and R&D capabilities, thereby accelerating our market expansion," said Omega CEO Todd Martin.

The deal is expected to close in the first quarter of 2026, Cemex said.

Platts, part of S&P Global Energy, assessed Cement CIF Houston at $83/mt on Feb. 19.