Eagle materials to acquire kosmos cement plant and related assets

Eagle materials inc. announces agreement to acquire kosmos cement plant and related assets.eagle materials inc - purchase price is $665 million.eagle materials inc - intends to finance acquisition through a combination of cash on hand and borrowings under a new term loan.eagle materials inc - anticipates certain tax benefits arising from deal, net present value of which is expected to be about $120 million.eagle materials inc - calendar 2019 normalized revenue and ebitda before synergies for acquired assets is estimated to be $170 million and $56 million.eagle materials inc - kosmos cement plant has capacity to produce nearly 1.7 million tons of cement annually.eagle materials inc - deal expected to be accretive to earnings and cash flow in first full year of ownership.eagle materials inc - agreement with kosmos cement company to purchase kosmos' louisville, kentucky cement plant and related assets.
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