CRH completes $2.1bn deal for Texas cement and concrete plants

Company said it expected acquisition to generate €157.8m in earnings a year

CRH group chief executive Albert Manifold.

Irish building supplies company CRH has completed the purchase of $2.1bn (€1.94bn) worth of assets from Texas-based Martin Marietta Materials as it continues to expand its reach in the US.

The purchase included a portfolio of cement and ready-mixed concrete assets. The deal had been announced in November last year but had been subject to regulatory approval.