As the Grateful Dead sang, “What a long, strange trip it’s been.” 2023 has been a year of surprises, excitement, progress and unexpected developments. Going into the first part of the year, I would have bet my last two-dollar bill we would see increased aggregates production in 2023. While the final numbers are not in, it is pretty apparent final…
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Martin Marietta to Divest South Texas Cement, Related Concrete Operations
Martin Marietta Materials Inc. announced that it has entered into a definitive agreement to sell its South Texas cement business and certain related concrete operations to CRH Americas Materials Inc., a subsidiary of CRH plc, for $2.1 billion in cash.
Read MoreCRH’s Americas Business Units Help Deliver First-Half Success
CRH delivered a robust first-half performance with strong pricing offsetting cost inflation, significant contributions from prior year acquisitions and good underlying demand in key end-use markets. First-half sales of $16.1 billion were 8% ahead of the same period last year, or 4% ahead on a like-for-like basis. Supported by its continued focus on commercial management and operational efficiencies, EBITDA of…
Read MoreAggregates Industry Market Report
In This Quarterly Report, Provided Exclusively to Rock Products, Capstone Partners Offers Insight Into Merger and Acquisition Activity, Capital Markets Trends, Aggregate Production and Pricing. By Darin Good, Brian Krehbiel and Crista Gilmore Capstone Partners’ Building Products & Construction Services Team is pleased to share its Rock Products report. Consolidation among aggregates producers has continued to drive merger and acquisition (M&A) activity to-date as…
Read MoreCRH Takes McBath for a Tour
Aug. 23. 2022 – According to the The Georgia Construction Aggregate Association, CRH hosted a roundtable and meet and greet with Georgia Congresswoman Lucy McBath (D-Ga.) at its North American Headquarters in Dunwoody, Ga. CRH offices are in McBath’s current Congressional District. This meet and greet provided an opportunity for the aggregate industry to share information about our industry with…
Read MoreCRH Touts Good Start to the Year
CRH plc, the global building materials group, issued a Trading Update for the first quarter, noting: Positive start to the year, good underlying demand; First-quarter sales, EBITDA and margin ahead. Integrated solutions strategy continuing to deliver across all divisions. Year-to-date acquisition spend $0.6 billion; strong pipeline of opportunities. Albert Manifold, chief executive, said, “The continued delivery of our solutions strategy resulted…
Read MoreCRH’s Americas Materials Division Solid Through Three Quarters
CRH plc issued a company update for Jan. 1 to Sept. 30. Cumulative nine-month sales to the end of September amounted to $22.8 billion, an increase of 11% compared with the corresponding period in 2020 and 7% ahead on a like-for-like basis. First-half growth moderated in the third quarter as easing pandemic related restrictions in the third quarter of 2020…
Read MoreCRH Calls 2020 Results ‘Robust Performance In a Challenging Environment’
CRH reported yearly sales of $27.6 billion in 2020 versus $28.1 billion in 2019. The company called its 2020 results a “robust performance in a challenging environment.” Economic activity in North America was impacted by the global pandemic, partly offset by government stimulus efforts. Like-for-like sales in its Americas Materials segment declined by 3% compared to 2019, mainly impacted by…
Read MoreCRH Aggregates Volumes Up in Second Quarter
CRH PLC announced interim results for its second quarter. The company is reporting:
Read MoreTrade Commission Cements CRH, Ash Grove $3.5B Merger
The U.S. Federal Trade Commission (FTC) cleared the path for CRH plc to acquire Overland Park, Kan.-based Ash Grove Cement for $3.5 billion after the company agreed to divest facilities in three states.
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