CRH Acquires Eco Material Technologies For $2.1B To Expand Cementitious Product Supply And Infrastructure Growth

Benzinga · 07/29 12:34
  • Uniquely positions CRH to meet growing demand for cementitious products to modernize North America's infrastructure
  • Secures long-term supply of critical materials and strengthens CRH's position as a leading cementitious player in North America
  • Further expands CRH's national distribution network and innovation capabilities to better serve its customers
  • Demonstrates CRH's commitment to accelerating growth through value-creating capital allocation

CRH (NYSE:CRH), the leading provider of building materials, today announced that it has signed an agreement to acquire Eco Material Technologies (Eco Material), a leading supplier of Supplementary Cementitious Materials (SCMs) in North America, for a total consideration of $2.1 billion. The business will operate as Eco Material Technologies, a CRH Company.