Strategic acquisition strengthens Cemex's position in high-growth light construction materials and expands its footprint in the U.S. broader mortars industry.

Cemex announced today that it has reached an agreement to acquire all assets of Omega Products International ("Omega"), a leading manufacturer of stucco in the western United States. Omega generates approximately US$23 million in EBITDA per year.

With more than 50 years of experience, Omega offers one of the industry's most comprehensive product portfolios, serving both residential and commercial sectors through four strategically located production facilities in California, Nevada, and Colorado, which offer significant synergies with Cemex's U.S. business.

This acquisition strengthens Cemex's position in the U.S. broader mortars market, a segment growing faster than the general construction sector. Stucco contributes to construction efficiency, energy savings, and building longevity—key drivers of urbanization and renovation.

"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."

Todd Martin, CEO of Omega, added, "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 transaction currently meets Cemex's return and free cash flow conversion criteria, with an expected post-synergy multiple below 7x. This transaction continues to reinforce Cemex's commitment to disciplined capital allocation and long-term shareholder value, while supporting its strategy to expand U.S. operations and diversify into high-growth performance materials.

The JIAN Group represented Omega Products International in this transaction and acted as advisor to the seller.

The transaction is expected to close during the first quarter of 2026.

About Cemex

Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com

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Patricio Treviño

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ir@cemex.com

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Cemex to Acquire Omega Products International, a Leading Stucco Manufacturer in the Western U.S.