CRH (CRH) announced that it has signed an agreement to acquire Eco Material Technologies for a total consideration of $2.1B. The business will operate as Eco Material Technologies, a CRH Company. 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 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.
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