Smart Sand Acquires Eagle Materials’ Proppants Segment

Smart Sand Inc. has completed the acquisition of the Oil and Gas Proppants segment of Eagle Materials Inc. The segment’s primary assets include frac sand mines and related processing facilities in Utica, Ill., and New Auburn, Wis., with approximately 3.5 million tons of annual processing capacity, of which approximately 1.6 million tons has access to the BNSF rail line.

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FIRST LOOK – MAY 2020

TOP NEWS Teichert Buys Eagle Materials Assets Eagle Materials Inc. announced that the company has sold its Western Aggregates and Mathews Readymix operations for $93.5 million to Teichert, a California-based construction company.  Lehigh Hanson Initiates Layoffs Lehigh Cement Co. LLC announced that most of its cement-making work at its Glens Falls, N.Y., plant and Moreau, N.Y., quarry would cease due…

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Eagle Materials to Call Light Materials Spin-Off American Gypsum Co.

Eagle Materials will call its Light Materials business the American Gypsum Co. when it is spun-off in the summer of 2020. Dave Powers, former Eagle Materials chief executive officer, will become the chairman of American Gypsum. Craig Kesler, current chief financial officer of Eagle Materials, will become the president and CEO of American Gypsum.

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