Teichert’s $93.5 Million Acquisition of Non-Core Concrete and Aggregates Assets from Eagle Materials

Sidley Austin LLP represented Eagle Materials Inc. in the sale of its mining and aggregates and cement supply business, representing vested-rights-to-mine covering 3,900 acres and over 900 million tons of aggregates.

Eagle Materials Inc. (NYSE: EXP) announced it has sold its Western Aggregates and Mathews Readymix operations for $93.5 million to Teichert, a California-based construction company. Western Aggregates vested-rights-to-mine covers 3,900 acres and includes over 900 million tons of aggregates. Mathews Ready Mix assets include three concrete batch plant locations and 26 trucks.

Eagle Materials Inc. manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard, Concrete, Sand and Aggregates, from more than 75 facilities across the US. Eagle is headquartered in Dallas, Texas.

Teichert Inc. provides construction services. The Company constructs freeways, sidewalks, curbs, utility trenches, roads, and gutters, as well as produces building materials and performing general site preparation. Teichert offers services for sewer, drainage, water, earth moving, excavation, grading, paving, and utilities.

The Sidley team was led by Scott Parel (Picture) and included Aaron Rigby, Courtney Gilberg and Amy Steurer.

Shartsis Friese LLP represented Teichert with partner Michael Dell.

Involved fees earner: Michael Dell – Shartsis Friese LLP; Courtney Gilberg – Sidley Austin LLP; Scott Parel – Sidley Austin LLP; Aaron Rigby – Sidley Austin LLP; Amy Streurer – Sidley Austin LLP;

Law Firms: Shartsis Friese LLP; Sidley Austin LLP;

Clients: Eagle Materials Inc; Teichert;


Author: Ambrogio Visconti