Finance
Building materials maker CRH to acquire Eco Material for $2.1 billion
Published by Global Banking & Finance Review®
Posted on July 29, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 29, 2025
2 min readLast updated: January 22, 2026
CRH is acquiring Eco Material for $2.1 billion to enhance its North American market presence and advance low-carbon cement production.
(Reuters) -Building materials maker CRH said on Tuesday it has agreed to acquire Eco Material Technologies, a supplier of supplementary cementitious materials, for $2.1 billion to expand its presence in North America.
Dublin, Ireland-based CRH operates through two regional divisions Americas and International, of which the Americas business brings in 65% of revenues as per its latest annual filing, and includes the production of aggregates, cement, ready-mixed concrete and asphalt used in construction.
As traditional cement production is responsible for around 8% of global CO2 emissions, the industry has been making the switch to low-carbon alternatives, through investments, joint ventures and mergers.
With the takeover of the Utah-based near-zero carbon cement producer Eco Material, CRH also acquires its national network of fresh and harvested fly ash, pozzolans, synthetic gypsum and green cement operations.
"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," CRH chief executive Jim Mintern said.
CRH, which has its presence across 28 countries, said it plans to fund the deal, expected to close in 2025, with cash on hand.
The business will operate as Eco Material Technologies, a CRH Company.
(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Shailesh Kuber)
Supplementary cementitious materials are materials used in concrete that can replace a portion of cement to improve durability and reduce carbon emissions.
Low-carbon cement refers to cement products that are designed to produce fewer carbon emissions during their manufacturing process compared to traditional cement.
Fly ash is a byproduct from burning pulverized coal in electric power generating plants and is used as a partial replacement for cement in concrete.
Pozzolans are natural or artificial materials that, when mixed with lime and water, can produce cement-like properties, enhancing concrete strength.
Green cement is an environmentally friendly alternative to traditional cement, made using sustainable materials and processes that reduce carbon footprint.
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