JPM | Building Broadcast: AMRZ, SIKA, SGO, DG, PSN, TWI, BTRW: JPMC Construction Daily

Research evidence excerpt

JPM | Building Broadcast: AMRZ, SIKA, SGO, DG, PSN, TWI, BTRW: JPMC Construction Daily

J P M O R G A N Europe Equity Research

21 July 2026

JPM | Building Broadcast:AMRZ,

SIKA, SGO, DG, PSN, TW/, BTRW

JPMC Construction Daily

Building Materials European Building & Construction

and Infrastructure

• Amrize to acquire Rapid Redi-Mix in Dallas-Fort Worth. Amrize has Elodie Rall AC

entered into an agreement to acquire Rapid Redi-Mix LLC, a fast growing (44-20) 7134-5911

elodie.rall@jpmorgan.com

concrete producer in the Dallas-Fort Worth metro area. With a network of J.P. Morgan Securities plc

modern batch plants and mixer fleet, Rapid Redi-Mix brings significant

Zaim Beekawa

synergies with Amrize’s aggregates operations and cement network in the (44-20) 7134-4175

region. This acquisition strengthens Amrize’s network in the growing Texas zaim.beekawa@jpmorgan.com

market, adding to the recently announced production expansion of its J.P. Morgan Securities plc

Midlothian cement plant and the acquisition of PB Materials, the leading Jamie Smallbone

aggregates business in West Texas. Link to the press release. (44-20) 3493-7015

jamie.smallbone@jpmorgan.com

• Commission sends Statements of Objections to several companies and J.P. Morgan Securities plc

trade associations in suspected construction chemicals cartel. The European Manshi Sinha

Commission has informed several manufacturers of construction chemicals (91-22) 6157 5111

active in France, Germany and Spain as well as three national trade associations, manshi.sinha@jpmchase.com

of its preliminary view that they have breached EU antitrust rules by colluding J.P. Morgan India Private Limited

to increase prices in the supply of chemicals for cement, concrete and mortar. In