Mexican construction materials company Cemex has agreed to acquire Omega Products International, a stucco manufacturer operating in the western US.
The deal is scheduled for completion in the first quarter of 2026.
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Omega operates four production facilities located in California, Nevada, and Colorado and serves residential as well as commercial sectors.
The company reports annual earnings before interest, taxes, depreciation and amortisation (EBITDA) of approximately $23m.
Cemex stated that the acquisition will broaden its presence within the wider mortars sector in the US.
The firm identified this segment as expanding at a faster rate than the general construction industry.
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By GlobalDataCemex CEO Jaime Muguiro said: “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.
“Omega’s market leadership and specialised portfolio will accelerate value creation and strengthen relationships with key stakeholders in the construction ecosystem.”
Omega CEO Todd Martin said: “We are excited to enter a new phase of growth. Cemex will provide us with a broader customer base and access to extensive logistics and R&D capabilities, thereby accelerating our market expansion.
“We are immensely thankful to the Thompson Family, under their leadership, Omega has grown into one of the most successful privately held stucco companies.”
The purchase aligns with Cemex’s ongoing strategy to increase its US footprint and diversify its portfolio in performance materials.
The company said that this move fits its established criteria for capital allocation and free cash flow conversion.
JIAN Group acted as advisor to Omega Products International during negotiations.
The companies did not disclose the financial details of the acquisition.
