CRH makes push into US cement alternatives with €2.1bn Eco Material purchase
CRH chief executive Jim Mintern with chair Richie Boucher. CRH has agreed to buy Eco Material Technologies for $2.1bn (€1.73bn). Picture: Naoise Culhane
Irish building-materials giant CRH has agreed to buy Eco Material Technologies for $2.1bn (€1.73bn) in a major expansion in the cement-alternatives market in North America.
CRH is paying all cash for Eco Material, according to a statement on Tuesday. Eco Material is backed by the private equity firms One Equity Partners and Warburg Pincus.
