DUBLIN (dpa-AFX) - CRH plc (CRH), a provider of building materials, on Tuesday announced that it has signed an agreement to acquire a supplier of Supplementary Cementitious Materials in North America, Eco Material Technologies, for $2.1 billion.
The proposed transaction is expected to close in 2025.
The deal secures a long-term supply of critical materials and enhances CRH's position as a supplier of cementitious products in North America.
Eco Material, based in Utah, operates a nationwide network focused on fresh and harvested fly ash, pozzolans, synthetic gypsum, and green cement.
In the pre-market trading, 1.06% higher at $99.57 on the New York Stock Exchange.
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