CRH announced it has signed an agreement to acquire Eco Material Technologies, a leading supplier of Supplementary Cementitious Materials (SCMs) in North America, for a total consideration of $2.1 billion. The acquisition is expected to close in 2025, pending regulatory approval and customary closing conditions.
This strategic acquisition positions CRH as a leading cementitious player in North America, integrating both cement and SCM capabilities. Eco Material operates a national network of fresh and harvested fly ash, pozzolans, synthetic gypsum, and green cement operations across over 125 locations.
CEO Jim Mintern stated that the transaction secures the long-term supply of critical materials for future growth and places CRH at the forefront of the transition to next-generation cement and concrete. CRH plans to fund the acquisition with cash on hand and does not anticipate any change in its credit ratings.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.