Strategic deal strengthens Cemex’s footprint in high-growth light construction materials across the Western United States
By Staff Reporter | Monterrey, Mexico | February 26, 2026
MONTERREY, MEXICO — Cemex has announced an agreement to acquire all assets of Omega Products International, a leading stucco manufacturer in the western United States. The transaction is expected to close during the first quarter of 2026.
Omega generates approximately US$23 million in annual EBITDA and brings more than 50 years of experience in the light construction materials sector.
Strategic Expansion in the U.S. Mortars Market
The acquisition strengthens Cemex’s position in the broader U.S. mortars industry, a segment currently outpacing the overall construction market in growth. Stucco products contribute to improved construction efficiency, enhanced energy performance, and greater building durability — key drivers of urbanization and renovation demand.
Omega operates four strategically located production facilities across California, Nevada, and Colorado, creating operational synergies with Cemex’s existing cement, aggregates, and admixture operations in the western U.S.
Leadership Commentary
“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.,” said Jaime Muguiro, CEO of Cemex.
“Omega’s market leadership and specialized portfolio will accelerate value creation and strengthen relationships with key stakeholders in the construction ecosystem,” he added.
Todd Martin, CEO of Omega, stated that the partnership would support the company’s next growth phase.
“Cemex will provide us with a broader customer base and access to extensive logistics and R&D capabilities, accelerating our market expansion. We are immensely thankful to the Thompson Family, under whose leadership Omega has grown into one of the most successful privately held stucco companies,” Martin said.
Financial and Strategic Impact
The transaction meets Cemex’s internal return and free cash flow conversion criteria. The company expects a post-synergy multiple below 7x, reinforcing its disciplined capital allocation framework.
The deal supports Cemex’s long-term strategy to:
- Expand its U.S. operations
- Diversify into high-growth performance materials
- Enhance shareholder value
- Strengthen vertical integration across product categories
The JIAN Group acted as advisor to Omega and represented the seller in the transaction.
About Cemex
Founded in Mexico, Cemex is a global construction materials company providing cement, ready-mix concrete, aggregates, and urbanization solutions in markets worldwide. The company continues to advance sustainability initiatives, including carbon neutrality targets, circular economy practices, and increased use of alternative raw materials and fuels.
