Cemex announced it has reached an agreement to acquire all assets of Omega Products International, a leading stucco manufacturer in the western United States that generates approximately $23 million in EBITDA per year.
Omega brings more than 50 years of experience and one of the industry’s most comprehensive stucco product portfolios, serving residential and commercial customers through four production facilities located in California, Nevada, and Colorado. Cemex said the footprint offers significant synergies with its existing U.S. operations.
The acquisition strengthens Cemex’s position in the broader U.S. mortars market, a segment the company noted is growing faster than the general construction sector. Stucco supports construction efficiency, energy savings, and building longevity, aligning with trends tied to urbanization and renovation.
Cemex said the transaction meets its return and free cash flow conversion criteria, with an expected post-synergy multiple below 7x. The deal underscores the company’s focus on disciplined capital allocation and long-term shareholder value while expanding its U.S. presence and diversifying into higher-growth performance materials.
The transaction is expected to close in the first quarter of 2026. The JIAN Group represented Omega Products International and acted as advisor to the seller.
KEY QUOTE:
“This transaction aligns with our U.S. 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 U.S. Omega’s market leadership and specialized portfolio will accelerate value creation and strengthen relationships with key stakeholders in the construction ecosystem.
Jaime Muguiro, CEO of Cemex
“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.”
Todd Martin, CEO of Omega
