Building materials giant CRH acquires peer Arcosa for approximately $8.5 billion

Glonhui, June 23rd | Building materials giant CRH announced that it will acquire peer company Arcosa for approximately $8.5 billion in an all-cash transaction, aiming to expand its infrastructure products business and strengthen its market position in North America. According to the agreement, CRH will acquire Arcosa shares at $150 per share, representing a 25% premium over Arcosa's 60-day volume-weighted average share price as of June 18. CRH CEO Jim Mintern stated in a press release that the acquisition reinforces CRH’s position as a leader in North American infrastructure and advances its aggregates-focused business portfolio strategy.