Eagle Materials to spin off heavy and light materials businesses

Eagle Materials' board approved a plan to separate its heavy materials (cement) and light materials (gypsum wallboard and recycled paperboard) businesses into two publicly-traded entities via a tax-free spin-off, expected to be completed in the first half of 2020.

“Based upon our recent comprehensive review of various strategic, operational and financial alternatives, the Eagle board and management team believe this separation will provide each of the businesses with the financial flexibility to pursue its own growth strategies and operating priorities.”cemnet.com

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• cemnet.comEagle Materials to separate heavy and light material businessesMay 31, 2019

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