Local Companies Expand Under Building Materials Giant

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CRH Americas Materials has purchased over $2 billion of assets in Texas over the past two years, including the recent acquisition of cement and concrete operations from Martin Marietta Materials centered in Central Texas. This growth for the Ireland-based corporation builds on its purchases last year of East Texas Asphalt and Moore Brothers Construction.

Rick Moore, former co-owner of Moore Brothers, said at the time of last year’s deal: “We are excited to join CRH and Texas Materials to expand our services and footprint across Texas while retaining local leadership as part of this great team.”

The Martin Marietta assets acquired include a cement plant between San Antonio and Austin, a network of terminals along the Texas Gulf Coast, and around 20 concrete plants serving booming markets of Austin and San Antonio.

CRH sees potential for integrating these assets with its existing Texas Materials operations across the state. Leveraging CRH’s resources and cement expertise is expected to yield major synergies.

“This transaction reflects our disciplined approach to capital allocation as well as our commitment to deliver further growth and value creation for our shareholders,” said CRH CEO Albert Manifold. “We also believe there is significant potential to unlock additional growth opportunities across an expanded footprint in this attractive growth market.”

While now belonging to a global enterprise valued at over $40 billion, Texas Materials gives its local brands like East Texas Asphalt operational independence to continue serving customers. That combination of financial strength and local focus creates advantages according to Rick Moore.

Regulatory approval is still needed to finalize the Martin Marietta deal in the first half of 2024. But the steady expansion underscores CRH and Texas Materials’ bullish outlook for construction and infrastructure projects across high-growth areas of Texas.

Lee Miller
Lee Miller was born in Denison, TX and grew up in East Texas with his family. He studied music education at Stephen F. Austin State University taking a job in television on his last day of student teaching. Lee also provides business authoritative expertise to the broadcast industry as a consultant. Presently he is CEO of MSG Resources LLC, which specializes in consulting within broadcast best practices, distribution technologies and media strategy mastery. - - - - - Lee Miller is a well-known veteran of the broadcast media industry with particular experience in leading for-profit and non-profit broadcasting organizations. His career began in Lufkin, Texas in the early 80’s where he progressed from studio operations to creative services and network management. Mr. Miller has since received various professional designations and memberships such as Society of Broadcast Engineers accredited frequency coordinator, The Energy Professionals Association Certified Energy Consultant, and National Religious Broadcasters Television Committee & past Chair. Lee also serves as the Executive Director of the Advanced Television Broadcasting Alliance, is a member of the Advanced Television Systems Committee and is proud to be part of Texas Association of Broadcasters Golden Mic Club, highlighting extraordinary careers in broadcasting. Continued engagement with his community is at the core of his business practices serving on the board of the Salvation Army and as keyboardist for the contemporary worship band at Harmony Hill Baptist Church. Lee lives near Lufkin Texas on one of his family’s tree farms located in the Texas Forest Country region north of Houston. He is married to Kenla and has two grown children, Joshua, COO of MSGPR Ltd Co and Morgan, a Critical Care ICU RN.

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