Amrize, the FTSE 250 construction materials group, has announced it will acquire Rapid Redi-Mix, a ready-mix concrete supplier operating in the Dallas-Fort Worth metropolitan area. The deal, announced earlier this week, underscores the UK-listed firm's strategy of deepening its presence in the United States, where infrastructure spending and residential construction remain robust.
Rapid Redi-Mix serves commercial and residential builders across north Texas, a region that has experienced strong population growth and housing demand. For Amrize, the acquisition adds a strategically located concrete plant and a fleet of delivery trucks, strengthening its supply chain in the southern US. The company did not disclose the purchase price, but said it expects the deal to be earnings-accretive from the first full year of ownership.
Shares in Amrize rose 1.8 per cent in early London trading to 2,340p, outperforming a broadly flat FTSE 250 index, which edged up 0.1 per cent to 20,450 points. Analysts at Peel Hunt noted that the acquisition "fits neatly with Amrize's stated goal of building a material US presence" and highlighted the Dallas-Fort Worth market as one of the fastest-growing metropolitan economies in America.
The move comes as UK construction firms face a subdued domestic market, with housebuilding output constrained by higher interest rates and planning delays. Amrize's pivot towards the US, where federal infrastructure funding and private sector demand are buoyant, has been well received by investors. The company's US division now accounts for roughly a third of group revenue, a share expected to rise following this deal.
Industry observers point out that consolidation in the ready-mix concrete sector has accelerated as larger players seek scale to manage raw material costs and logistics. Rapid Redi-Mix, a family-owned business, will continue to operate under its existing brand and management team for now, with integration plans expected to be outlined in the coming months.