Ash Grove and Martin Marietta finalize sale of Hunter plant and terminals
[Overland Park, Kan., February 12, 2024] – Ash Grove, A CRH Company, announced today that it has closed on purchasing a cement plant and four terminals from Martin Marietta's South Texas business.
The purchase includes the Hunter Cement Plant located in New Braunfels, Texas, with a capacity of 2.1 million tons and more than 140 years of limestone cement reserves, and four terminals: three in the Houston metropolitan area and one terminal in Beaumont, Texas.
Serge Schmidt, Ash Grove President, stated the acquisition represents a significant milestone in the company's growth strategy. "Securing these resources bolsters Ash Grove's status in Texas and amplifies our presence in a rapidly expanding market. The Hunter facility's high-quality assets align with our long-term focused growth plans. These assets will also enable us to participate more significantly in Texas as we pursue our vision to develop sustainable solutions that build, connect and improve our world."
Overall, the facilities purchased by CRH for $2.1 billion include the Hunter plant and terminals placed in the Americas Cement (Ash Grove) business and 20 concrete plants, serving the Austin and San Antonio markets, placed in the American Materials business.
About Ash Grove:
Ash Grove, a CRH Company, is a leader and pioneer in the cement industry. For over 142 years, we have provided cementitious materials to construct the highways, bridges, commercial and industrial complexes, homes, and other structures fundamental to the nation's economic vitality and quality of life. As one of the largest cement producers in North America, Ash Grove ships cement from 13 cement plants and has a network of 47 terminals. Ash Grove is known for quality, reliability, and a commitment to safety.
Learn more: www.ashgrove.com
About CRH:
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.
For more information visit www.crh.com
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