CRH raises profit guidance as it agrees $2.1bn deal to acquire Texas concrete business

The Irish headquartered building materials giant said it had acquired an “attractive portfolio” of assets from a US rival as part of the deal

CRH joined the New York stock exchange earlier this year

CRH, the Irish-headquartered building materials giant, has raised its profit forecast for 2023 while also announcing a mega $2.1 billion deal to acquire a large portfolio of assets from a US rival.

On Tuesday, CRH said it was raising its full year profit outlook for 2023 and that it now expects to generate full year earnings (Ebitda) of around $6.3 billion, which is a significant increase on the $5.6 billion in profits it generated last ...