First Look – February 2024

TOP NEWS CRHCaterpillar Inc. has signed an electrification strategic agreement with CRH to advance the deployment of Caterpillar’s zero-exhaust emissions solutions. CRH is the number-one aggregates producer in North America and the first company in that industry to sign such an agreement with Caterpillar. Summit MaterialsSummit Materials shareholders approved proposals at the heart of a September 2023 agreement with Colombia-based…

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CRH, Caterpillar, Sign Electrification Strategic Agreement

Caterpillar Inc. has signed an electrification strategic agreement with CRH to advance the deployment of Caterpillar’s zero-exhaust emissions solutions. CRH is the number one aggregates producer in North America and the first company in that industry to sign such an agreement with Caterpillar. The agreement is focused on accelerating the deployment of Caterpillar’s 70 to 100-ton-class battery electric off-highway trucks…

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The Year in Review

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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CRH’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…

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Aggregates 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…

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CRH 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…

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CRH 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…

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