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Amrize Ltd ( (AMRZ) ) has issued an announcement.
Amrize has agreed to acquire PB Materials Holdings, a leading aggregates producer with a complementary ready-mix concrete network in West Texas, in a deal that will add 26 operational sites and more than 50 years of aggregates reserves to its portfolio. The transaction, part of Amrize’s broader strategy to invest in high-growth North American markets, is expected to bolster the company’s presence in Texas and the U.S. South as infrastructure, energy, data center and commercial projects fuel construction demand, and is projected to be accretive to earnings per share and cash flow in 2026 once synergies with Amrize’s existing operations are realized.
The most recent analyst rating on (AMRZ) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Amrize Ltd stock, see the AMRZ Stock Forecast page.
More about Amrize Ltd
Amrize Ltd (NYSE: AMRZ) is a North American building materials and solutions provider serving professional builders with branded products from foundation to rooftop. Operating over 1,000 sites across every U.S. state and Canadian province, the company supplies infrastructure, commercial and residential construction as well as repair and refurbishment markets, and generated $11.7 billion in revenue in 2024. PB Materials is a regional aggregates and ready-mix concrete producer formed from Wallach Concrete, Highland Concrete and Crockett County Mining, with a long-established footprint across West Texas and Southeastern New Mexico.
Average Trading Volume: 4,071,194
Technical Sentiment Signal: Strong Buy
Current Market Cap: $31.12B
Learn more about AMRZ stock on TipRanks’ Stock Analysis page.