# CRH to acquire Martin Marietta's Texas cement and concrete assets for $2.1B

CRH announced a $2.1 billion acquisition of building materials assets in Texas from Martin Marietta Materials, including a 2.1 million ton capacity cement plant, terminals, and 20 ready-mixed concrete plants. The deal is expected to close in the first half of 2024.

- Type: Acquisition
- Announced: 2023-11-21
- Where: Texas, United States
- Value: $2.10B
- Status: announced
- Capacity: 2.1 million tons of cement
- Products: cement, ready-mixed concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [CRH](https://endata.com/companies/15142.md) (acquirer)
- [Martin Marietta](https://endata.com/companies/15709.md) (target)
- [Martin Marietta Materials](https://endata.com/companies/25131.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/crh-seals-21-bln-texas-deal-upgrades-profit-guidance-2023-11-21/), 2023-11-21: "CRH announced a $2.1 billion acquisition of building materials assets in the high-growth Texas market from U.S. rival Martin Marietta Materials on Tuesday."
- [wsj.com](https://www.wsj.com/finance/banking/crh-to-buy-texas-cement-concrete-portfolio-for-2-1-bln-c15f019b), 2023-11-21: "CRH said it will purchase a portfolio of cement and ready-mixed concrete assets in Texas from Martin Marietta Materials for $2.1 billion."
- [ir.martinmarietta.com](https://ir.martinmarietta.com/news-releases/news-release-details/martin-marietta-divest-south-texas-cement-and-related-concrete), 2023-11-21: "Martin Marietta today announced that it has entered into a definitive agreement to sell its South Texas cement business and certain of its related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash."
- [businessplus.ie](https://businessplus.ie/ma/mergers-acquisitions/crh-texas-acquisition/), 2023-11-21: "This acquisition will further strengthen CRH's market-leading position in Texas and increase the company's exposure to attractive, high-growth markets."
- [pitandquarry.com](https://www.pitandquarry.com/crh-martin-marietta-make-a-deal-in-texas/), 2023-11-21: "Martin Marietta made an agreement to sell its south Texas cement business and some related ready-mixed concrete operations to CRH Americas Materials."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.