On November 21, 2023, CRH Group announced that it had agreed to acquire a portfolio of cement and concrete assets in Texas, United States, for a total value of $2.1 billion. A few days ago, the cement group made an announcement that the transaction was completed successfully.
The acquisition included a cement plant with a production capacity of 2.1 tons, a network of terminals and 20 concrete plants.
The assets were acquired from Martin Marietta Materials, the US company, leader in the supply of aggregates, cement, ready-mixed concrete and asphalt, who expressed that this sale was the best at the time to maximize value for investors in the short, medium and long term.
CRH is the largest building materials company in North America, operating in 48 states in the United States and 7 provinces in Canada. Likewise, they are the largest construction materials company in Europe, with a presence in 23 European countries.