REG-CRH plc CRH to acquire Eco Material Technologies for $2.1B

CRHAnnouncement

29/07/2025 13:15

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CRH to acquire Eco Material Technologies for $2.1B


 * 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.

Jim Mintern, CRH CEO, said: “This strategic acquisition further positions
CRH as a leading cementitious player in North America with both cement and SCM
capabilities. 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. With more than 1,100 Eco
Material employees joining the CRH team, our combined operations create a more
connected business to better serve our customers.”

Eco Material is headquartered in Utah and operates a national network of fresh
and harvested fly ash, pozzolans, synthetic gypsum and green cement operations
distributed across a network of over 125 utility source locations, production
facilities and terminals. The company partners with leading electric utilities
to process and recycle approximately seven million tons of fly ash and three
million tons of synthetic gypsum and other materials annually, with
significant additional capacity currently under construction.

Grant Quasha, Eco Material Chairman and CEO, said: “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. 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 proposed transaction is subject to regulatory approval and customary
closing conditions and is expected to close in 2025. CRH plans to fund the
transaction with cash on hand and does not expect any change in its credit
ratings.

About CRH

CRH (NYSE: CRH) is a leading provider of building materials solutions that
build, connect and improve our world. Employing 80,000 people at over 3,800
operating locations in 28 countries, CRH has market leadership positions in
North America and Europe. As the essential partner for transportation and
critical infrastructure projects, complex non-residential construction and
outdoor living solutions, CRH’s unique offering of materials, products and
value-added services helps to deliver a more resilient and sustainable built
environment. The company is ranked among sector leaders by Environmental,
Social and Governance (ESG) rating agencies. A Fortune Global 500 company,
CRH’s shares are listed on the NYSE and LSE.

For more information visit: www.crh.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.crh.com&esheet=54297847&newsitemid=20250729816027&lan=en-US&anchor=www.crh.com&index=1&md5=1b0a9998222530b8a416eadc684351dd)

About Eco Material Technologies

Eco Material is a leading producer, marketer and distributor of ash-based SCM
products in North America. Eco Material is also a leading environmentally
focused, near-zero carbon cement producer in the United States. SCMs are the
most impactful, environmentally friendly alternative materials to Portland
cement that significantly reduce the CO2 footprint and improve the performance
and longevity of cement's end-product, concrete. Coal ash and volcanic ash are
used to replace a portion of emissions intensive Portland cement in concrete
and can be further upgraded to its higher performance Green Cement products by
the Company. Eco Material also supplies services to electric utilities related
to management of coal ash and other coal combustion products and recycles over
10 million tons per year of material into beneficial use - reducing emissions
and avoiding landfilling of material.

Forward-Looking Statements

In order to utilize the “Safe Harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995, CRH is providing the
following cautionary statement.

This press release contains statements that are, or may be deemed to be,
forward-looking statements. These forward-looking statements may generally,
but not always, be identified by the use of words such as “will”,
“anticipates”, “should”, “could”, “would”, “targets”,
“aims”, “may”, “continues”, “expects”, “is expected to”,
“estimates”, “believes”, “intends” or similar expressions. These
forward-looking statements include all matters that are not historical facts
or matters of fact at the date of this press release.

In particular, the following, among other statements, are all forward-looking
in nature: statements regarding the consummation (including timing thereof),
expectations and benefits of the pending acquisition of Eco Material;
expectations regarding CRH’s ability to meet growing demand for cementitious
products; plans and expectations regarding market trends and dynamics in
regions where CRH operates; statements regarding the modernization of North
America’s infrastructure; statements regarding CRH’s supply of critical
materials to support future growth; statements regarding CRH’s position with
respect to the transition to the next generation of cement and concrete; plans
and expectations regarding the funding of the acquisition of Eco Material; and
expectations regarding the impacts of the pending acquisition to CRH’s
credit ratings.

By their nature, forward-looking statements involve risk and uncertainty
because they relate to events and depend on circumstances that may or may not
occur in the future and reflect our current expectations and assumptions as to
such future events and circumstances that may not prove accurate. You are
cautioned not to place undue reliance on any forward-looking statements. These
forward-looking statements are made as of the date of this press release. We
expressly disclaim any obligation or undertaking to publicly update or revise
these forward-looking statements other than as required by applicable law.

A number of material factors could cause actual results and developments to
differ materially from those expressed or implied by these forward-looking
statements, certain of which are beyond our control, and which include, among
other factors, the risks and uncertainties described under “Risk Factors”
in CRH’s 2024 Form 10-K and in its other filings with the SEC.

Tom Holmes

Head of Investor Relations

tholmes@crh.com (mailto:tholmes@crh.com)

Lauren Schulz

Chief Communications Officer

lschulz@crh.com (mailto:lschulz@crh.com)



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