CRH plc is reportedly nearing an agreement to acquire Branford, Fla.-based Suwannee American Cement from Votorantim Cimentos and Anderson Columbia Co. to further drive growth in North America, according to Bloomberg.com. Bloomberg’s sources said the deal may value Suwannee at $750 million.

The planned acquisition follows a string of deals for CRH, which last month agreed to buy Ash Grove Cement Co. for $3.5 billion. However, Ash Grove recently received a competing bid by a third party, rumored to be Summit Materials, to acquire Ash Grove at an indicated enterprise value of $3.7 billion to $3.8 billion. CRH also announced in August the divestment of an interior building-products division for $2.63 billion to Beacon Roofing Supply.

Although a smaller deal than Ash Grove, Suwanee would give CRH its second cement plant in Florida, one of the nation’s largest cement markets. 

Resource Center

Let's stay in touch!

All of the latest news and our digital edition sent to your inbox once a week.

We'll never share your email address, and you can opt out at any time, we promise.

2017 Cement Directory

NACD
 

Completely updated, the new 2017 North American Cement Directory. Currently available for ordering exclusively from Cement Americas. Order Now