# Eagle Materials and Heidelberg Materials grant reciprocal put options for JV stake

Eagle Materials and Heidelberg Materials entered into a Put Option Agreement granting reciprocal put options for their 50% interests in the Texas Lehigh joint venture, which manufactures grey cement in Buda, Texas. The purchase price for a 50% interest is $1.1 billion.

- Type: Contract
- Announced: 2024-05-01
- Where: Buda, Texas, United States
- Value: $1.10B
- Status: announced
- Products: grey cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Eagle Materials](https://endata.com/companies/22162.md)
- [Heidelberg Materials](https://endata.com/companies/15605.md) (partner)

## Sources

- [secwatch.observer](https://secwatch.observer/filing/0001193125-24-130864), 2024-05-03: "On May 1, 2024, the Company and the TLCC Partners, on the one hand, and HM and HMSC, on the other hand, entered into a Put Option Agreement that provides for the grant of reciprocal put options by the parties with respect to their 50% partnership interests in the Joint Venture."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.