Image source: © 2025 Krish Capital Pty.Ltd

Highlights

  • CRH has agreed to acquire Eco Material Technologies for USD 2.1 billion in cash.
  • The deal expands CRH’s access to supplementary cementitious materials across over 125 locations.
  • The acquisition supports CRH’s long-term supply strategy and infrastructure modernization efforts.

CRH (NYSE: CRH) has entered into an agreement to acquire Eco Material Technologies, a major North American supplier of supplementary cementitious materials (SCMs), for a total consideration of USD 2.1 billion. The transaction, subject to regulatory approvals and standard closing conditions, is expected to be completed in 2025. CRH will fund the acquisition entirely through cash on hand and does not anticipate any change in its current credit ratings.

With this transaction, CRH aims to strengthen its presence in the North American cement and SCM markets. The acquisition brings into CRH’s portfolio a national network of over 125 utility source locations, production facilities, and distribution terminals operated by Eco Material. The company processes and recycles around 7 million tons of fly ash and 3 million tons of synthetic gypsum annually, with more capacity currently under development.

Founded in Utah, Eco Material Technologies operates in the reuse and repurposing of industrial byproducts such as fly ash and synthetic gypsum, which are used to produce low-carbon, performance-enhancing alternatives to traditional Portland cement. Its SCMs and green cement offerings are positioned as lower-emission solutions in concrete production. The business will continue to operate under its existing name as a CRH company post-acquisition.

CRH, headquartered in Dublin and listed on both the NYSE and LSE, employs over 80,000 people across more than 3,800 locations in 28 countries. The company maintains a significant footprint in infrastructure-related building materials, with a strong focus on transportation, non-residential construction, and outdoor living applications.

CRH’s management stated that the acquisition secures a long-term supply of key inputs needed for infrastructure modernization in North America, aligning with demand tailwinds for sustainable construction materials. It also complements the company’s broader capital allocation strategy by enhancing scale in higher-growth markets and expanding its cementitious distribution and innovation capabilities.

Once closed, the transaction will add more than 1,100 employees from Eco Material to CRH’s workforce. The integration will support CRH’s goal of building connected operations across cement and SCM lines, with an emphasis on customer service, safety, and innovation.