CRH Has Completed To Acquire A Portfolio Of Cement And Readymixed Concrete Assets In Us For $2.1B, Announced In November 2023
Portfolio Pulse from Benzinga Newsdesk
CRH has finalized the acquisition of a portfolio of cement and readymixed concrete assets in the US for $2.1 billion, a deal that was initially announced in November 2023.
February 12, 2024 | 12:23 pm
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CRH has successfully completed a significant acquisition of cement and readymixed concrete assets in the US for $2.1 billion, enhancing its footprint in the construction materials sector.
The completion of this acquisition is a significant development for CRH, indicating a strategic expansion in the US market. This move is likely to strengthen CRH's market position in the cement and concrete sector, potentially leading to increased market share and revenue growth. The positive impact on CRH's stock price in the short term is anticipated due to the strategic nature of this acquisition and its potential to enhance earnings.
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