$2.1B acquisition strengthens CRH’s cementitious position in North America and secures long-term SCM supply
Eco Material adds a national network of over 125 facilities and a circular model that recycles 10M+ tons annually
CRH expands innovation, distribution, and scale while adding 1,100 employees to better serve infrastructure growth
CRH has signed a definitive agreement to acquire Eco Material Technologies for $2.1 billion, reinforcing its leadership in North America’s cementitious materials sector. The business will continue to operate as Eco Material Technologies, a CRH Company.
The acquisition strategically enhances CRH’s ability to meet growing demand for cementitious products and secure a long-term supply of supplementary cementitious materials (SCMs), including fly ash, pozzolans, synthetic gypsum, and green cement.
“This strategic acquisition further positions CRH as a leading cementitious player in North America with both cement and SCM capabilities,” said Jim Mintern, CEO of CRH. “This transaction demonstrates CRH’s disciplined approach to capital allocation, building market-leading positions in higher-growth markets with secular tailwinds and superior returns. As we continue to modernize North America’s infrastructure, this transaction secures the long-term supply of critical materials for future growth and puts CRH at the forefront of the transition to next generation cement and concrete.”
Headquartered in Utah, Eco Material operates a national footprint with over 125 utility source locations, terminals, and production facilities. The company recycles approximately seven million tons of fly ash and three million tons of synthetic gypsum and related materials annually, with additional capacity under development.
RELATED ARTICLE: Volvo Group and CRH Join Forces to Accelerate Construction Industry Decarbonization
“Eco Material is excited to enter a new phase of growth, partnering with industry leader CRH to enhance our scale and suite of offerings to our Utility partners and Ready-Mix customers,” said Grant Quasha, Chairman and CEO of Eco Material. “CRH’s strong industry presence, coupled with its intense focus on safety, innovation and customer service pair perfectly with Eco Material’s key values.”
The acquisition will bring more than 1,100 Eco Material employees into CRH’s network and expand its national distribution and innovation capabilities. CRH will fund the transaction using cash on hand and does not anticipate any change to its current credit ratings. The deal remains subject to regulatory approvals and customary closing conditions, with completion expected in 2025.
Follow ESG News on LinkedIn
