Amrize (AMRZ) announced that it has agreed to acquire PB Materials Holdings, Inc., a leading aggregates business with a complementary ready-mix concrete network in the high-growth West Texas region. The acquisition will add 26 operational sites to Amrize's network, expanding its footprint across Texas and the Southern region at a time when infrastructure, energy projects, data centers, and commercial investments are fueling construction demand.
Amrize expects the transaction to be both EPS and cash accretive in 2026. Expected to close in the first half of 2026, the acquisition is subject to customary closing conditions.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.