1. CRH acquired North American Aggregates, enhancing its aggregates business. 2. Acquisition strengthens CRH's presence in New York and New Jersey markets. 3. NAA adds valuable reserves and processing capabilities to CRH operations. 4. 95% of CRH's revenue is tied to aggregates, increasing future growth potential. 5. This move positions CRH to better serve long-term customer supply needs.
The acquisition adds significant assets and expands market reach. Historical investments in similar acquisitions have led to revenue growth and market confidence.
The strategic acquisition aligns with CRH's growth strategy and market demands, influencing long-term performance.
The integration of NAA will gradually enhance CRH's operations, leading to sustained revenue growth over time, akin to prior successful expansions.
CRH today announced the acquisition of North American Aggregates ("NAA"), a leading supplier of aggregates headquartered in Perth Amboy, NJ. This strategic acquisition further expands CRH Americas Materials' aggregates business in New York and New Jersey and enhances the company's ability to meet the long-term supply needs of customers in the region.
NAA's plant on the New Jersey waterfront brings valuable new aggregate reserves to the Tilcon NY operations along with efficient processing and screening capabilities that integrate seamlessly with CRH Americas Materials' existing operations, driving growth and expanding reach across the region.
"CRH has helped build New York City and the surrounding area for decades, and we are proud to welcome North American Aggregates to the CRH family," said Jason Jackson, President, CRH Americas Materials. "With 95% of CRH's revenues in North America connected to aggregates, this acquisition further enhances CRH's unmatched scale and connected portfolio, unlocking new growth opportunities and improving our ability to deliver greater value to our customers."
About CRH
CRH (NYSE:CRH) is the leading provider of building materials critical to modernizing infrastructure. With our team of 80,000 people across 4,000 locations, our unmatched scale, connected portfolio, and deep local relationships make us the partner of choice for transportation, water, and reindustrialization projects, shaping communities for a better tomorrow. For more information, visit CRH.com.
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Lauren Schulz
Chief Communications Officer
lschulz@crh.com