1. CRH acquired North American Aggregates to expand its aggregate business. 2. NAA enhances supply capabilities in New York and New Jersey. 3. New reserves will drive growth in CRH's existing operations. 4. 95% of CRH's revenues relate to aggregates, signaling strategic alignment. 5. The acquisition aims to unlock new customer value and growth opportunities.
FAQ
Why Bullish?
The acquisition enhances CRH's market position and growth potential, similar to previous successful acquisitions that bolstered its revenue stream and market share. Historical evidence indicates strategic acquisitions often lead to improved stock performance for CRH due to increased operational efficiencies.
How important is it?
The acquisition significantly impacts CRH's operational scale and capacity for growth, marking a decisive strategic move that will likely improve its financial outlook. Solidifying its market presence in key regions aligns with long-term revenue growth strategies.
Why Long Term?
As the integration of NAA’s operations proceeds, CRH will benefit from improved efficiencies and market reach, potentially leading to higher revenues over time. Investments in growth-oriented acquisitions usually yield returns beyond the immediate term.
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