Stavola in Tinton Falls sells construction material business to Texas company for $1.2B

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Stavola in Tinton Falls sells construction material business to Texas company for $1.2B

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Stavola in Tinton Falls sells construction material business to Texas company for $1.2B

^{Published on 2025-03-02 14:41:29 - MSN}

Stavola Holding Corp. plans to sell its construction materials business to a Dallas-based company for $1.2 billion in cash.

The article from MSN Money discusses the acquisition of Stavola, a construction materials company based in Tinton Falls, New Jersey, by CRH, a Texas-based firm, for $1.2 billion. This deal includes Stavola's 20 quarries, 15 asphalt plants, and 6 recycling facilities, enhancing CRH's presence in the Northeast U.S. market. The acquisition is part of CRH's strategy to expand its operations and capabilities in the construction materials sector. The transaction is expected to close in the second half of 2024, subject to regulatory approvals and customary closing conditions. This move not only signifies a major expansion for CRH but also marks a significant transition for Stavola, which has been a family-owned business since its inception.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/general/stavola-in-tinton-falls-sells-construction-material-business-to-texas-company-for-1-2b/ar-AA1ojtmE ]

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Stavola in Tinton Falls sells construction material business to Texas company for $1.2B