Amrize to acquire PB Materials

Acquisition in high-growth West Texas region adds to aggregates reserves and strengthens Amrize’s footprint

AMRIZE have entered into an agreement to acquire PB Materials Holdings Inc., the leading aggregates business with a complementary ready-mixed concrete network in the high-growth West Texas region.

Part of Amrize’s profitable growth strategy, this acquisition will strengthen the company’s aggregates business, adding more than 50 years of aggregates reserves in West Texas to serve long-term demand. PB Materials will add 26 operational sites into Amrize’s network, extending their operations throughout Texas and the southern region as infrastructure, energy projects, data centres and commercial investments drive construction growth.

With more than US$180 million in annual revenue, strong earnings and significant synergies with Amrize’s existing operations, the acquisition of PB Materials is expected to be EPS and cash accretive in 2026.

Jan Jenisch, chairman and chief executive officer of Amrize, said: ‘I am excited to be expanding our aggregates business to the high-growth West Texas region. Today’s milestone is an important step in our strategy of investing for growth in North America’s most attractive markets. I have great respect for the leadership and expertise of PB Materials and look forward to welcoming their 340 talented team-mates to the Amrize family.’

Christopher Crouch, chief executive officer of PB Materials, commented: ‘We are proud to join Amrize and be part of a leading company that is shaping the future of building in America. Amrize share our dedication to employees, customers, and the communities we operate in, and we will continue to serve customers across our region with high-quality products and services.’

The acquisition is expected to close in the first half of 2026, subject to customary closing conditions.