Building materials maker CRH to acquire Eco Material for $2.1 billion

Dublin, Ireland-based CRH operates through two regional divisions Americas and International, of which the Americas business brings in 65% of revenues as per its latest annual filing, and includes the production of aggregates, cement, ready-mixed concrete and asphalt used in construction. As traditional cement production is responsible for around 8% of global CO2 emissions, the industry has been making the switch to low-carbon alternatives, through investments, joint ventures and mergers. With the takeover of the Utah-based near-zero carbon cement producer Eco Material, CRH also acquires its national network of fresh and harvested fly ash, pozzolans, synthetic gypsum and green cement operations.