m_and_a
confidence high
sentiment positive
materiality 0.90
CRH acquires Eco Material Technologies for $2.1B, expanding North America cementitious supply
CRH PUBLIC LTD CO
- Deal value $2.1B; funded with cash on hand; no change expected in credit ratings.
- Eco Material supplies SCMs (fly ash, pozzolans, gypsum) from over 125 locations across North America.
- Acquisition secures long-term supply of critical materials and strengthens CRH's cementitious market position.
- Transaction subject to regulatory approval and customary closing conditions, expected to close in 2025.
- Over 1,100 Eco Material employees will join CRH; business to operate as Eco Material Technologies, a CRH Company.
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