UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A - 16 OR 15D - 16 OF
THE SECURITIES EXCHANGE ACT OF 1934
21
November 2023
Commission
File No. 001-32846
____________________________
CRH public limited company
(Translation of registrant's name into English)
____________________________
Belgard Castle, Clondalkin,
Dublin 22, Ireland.
(Address of principal executive offices)
____________________________
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F:
Form
20-F X
Form 40-F___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by
Regulation
S-T Rule 101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by
Regulation
S-T Rule 101(b)(7):________
Enclosure:
CRH agrees $2.1bn acquisition in Texas
Press Release
CRH
agrees $2.1bn acquisition of materials assets in Texas
CRH
plc, the leading provider of building materials solutions, is
pleased to announce that it has reached an agreement to acquire an
attractive portfolio of cement and readymixed concrete assets in
Texas, USA (the "Assets") from Martin Marietta Materials, Inc. for
a total consideration of $2.1 billion. The combined portfolio of
assets is expected to generate pro-forma 2023 EBITDA of
approximately $170 million.
The
Assets comprise a 2.1mt capacity cement plant located between San
Antonio and Austin, a network of terminals along the eastern gulf
coast of Texas and a portfolio of 20 readymixed concrete plants
with annual shipments of c.1.6m cubic yards serving the Austin and
San Antonio markets.
Albert
Manifold, Chief Executive of CRH, said: "The acquisition of these high-quality assets
further strengthens our market leading position in Texas and
increases our exposure to attractive, high-growth markets. Our
ability to leverage our cement expertise and technical capabilities
will enable us to enhance and optimize our existing footprint in
Texas, resulting in significant synergies and self-supply
opportunities. This transaction reflects our disciplined approach
to capital allocation as well as our commitment to deliver further
growth and value creation for our shareholders. We also believe
there is significant potential to unlock additional growth
opportunities across an expanded footprint in this attractive
growth market".
The
proposed transaction is subject to regulatory approval and is
expected to complete in H1 2024.
****
Contact CRH at Dublin 404 1000 (+353 1 404 1000)
Albert
Manifold
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Chief Executive
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Jim
Mintern
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Chief Financial Officer
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Frank
Heisterkamp
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Director of Capital Markets & ESG
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Tom
Holmes
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Head of Investor Relations
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About CRH
CRH
(NYSE: CRH, LSE: CRH) is the leading provider of building materials
solutions that build, connect and improve our world. Employing
c.75,800 people at c.3,160 operating locations in 29 countries, CRH
has market leadership positions in both North America and Europe.
As the essential partner for road and critical utility
infrastructure, commercial building projects and outdoor living
solutions, CRH's unique offering of materials, products and
value-added services helps to deliver a more resilient and
sustainable built environment. The company is ranked among sector
leaders by Environmental, Social and Governance (ESG) rating
agencies. A Fortune 500 company, CRH's shares are listed on the
NYSE and LSE.
Registered Office: No 12965. Registered Office: 42 Fitzwilliam
Square, Dublin 2, R02 R279, Ireland
Forward-Looking Statements
This
document contains statements that are, or may be deemed to be
forward-looking statements within the meaning of the United States
Private Securities Litigation Reform Act of 1995.
These
forward-looking statements may generally, but not always, be
identified by the use of words such as "will", "believe",
"continues", "is expected to", or similar expressions. These
forward-looking statements include all matters that are not
historical facts or matters of fact at the date of this
document.
This
document contains statements that are, or may be deemed to be,
forward-looking statements with respect to the financial condition,
results of operations, business, viability and future performance
of CRH and certain of the plans and objectives of CRH, including
but not limited to statements regarding expectations for the
anticipated proforma EBITDA of combined assets; plans and
expectations for CRH's operations and market position in Texas; and
plans and expectations related to the anticipated benefits and
timing of the transaction.
Forward-looking
statements are subject to risks, uncertainties and other factors
because they relate to events and depend on circumstances that may
or may not occur in the future and/or are beyond CRH's control or
precise estimate.
Such
risks, uncertainties and other factors include, but are not limited
to, economic and financial conditions, including market turbulence,
high interest rates, inflation, price volatility and/or labour and
materials shortages in various countries and regions where we
operate; the pace of growth in the sectors in which we operate;
demand for infrastructure, residential and non-residential
construction and our products in our geographic markets; increased
competition and its impact on prices; and increases in energy
and/or raw materials costs. There are other important factors,
risks and uncertainties that could cause actual outcomes and
results to be materially different, including risks and
uncertainties relating to CRH described under "Principal Risks and
Uncertainties" in CRH's Report on Form 6-K regarding the results
for the six-month period ended 30 June 2023, as filed with the US
Securities and Exchange Commission (the "SEC"), as well as
"Principal Risks and Uncertainties (Risk Factors)" in the Company's
2022 Annual Report on Form 20-F as filed with the SEC.
You
are cautioned not to place undue reliance on any forward-looking
statements. These forward-looking statements are made as of the
date of this document. The Group expressly disclaims any obligation
or undertaking to publicly update or revise these forward-looking
statements other than as required by applicable law.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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CRH public limited company
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(Registrant)
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Date 21
November 2023
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By:___/s/Neil
Colgan___
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N.Colgan
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Company Secretary
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