What HEADWATERS RESOURCES does

Headwaters Resources, operating as Eco Material Technologies, is a U.S.-based producer and distributor of supplementary cementitious materials owned by CRH plc. The company describes itself as North America's leading supplier of coal ash (fly ash and bottom ash), natural pozzolans, and synthetic gypsum. Its core business recovers and beneficiates coal combustion byproducts from utility landfills and active power plants, processing these waste streams into engineered mineral products that partially replace Portland cement in concrete. The product portfolio spans traditional fly ash, specialty pozzolan blends, synthetic gypsum, road construction materials, and branded environmental solutions including RestoreAir® for ammonia slip mitigation.

The company runs an asset-heavy distribution model anchored by 100+ production and storage sites across 46 U.S. states and Canada, supported by 60+ terminals, 4,000+ railcars, 100+ trucks, and 670+ heavy mobile equipment units. This logistics network delivers to 6,000+ unique customer locations spanning ready-mix concrete producers, cement manufacturers, infrastructure contractors, utilities, and industrial buyers. Green Cement LLC, a wholly owned subsidiary, extends the portfolio into specialty cementitious products for emerging applications including 3D printing and oil well closure.

Revenue mechanics are based on volume sales of commodity-adjacent mineral products priced per ton, with value-added margins on specialty blends and engineered materials. The go-to-market leverages direct sales to concrete and cement producers and an exclusive downstream channel through Ash Grove (a CRH-owned cement company). As a subsidiary within CRH plc's building materials platform, the company benefits from parent-company capital, cross-selling, and integration with cement manufacturing assets, though it operates with its own dedicated sales and logistics infrastructure.

Name

HEADWATERS RESOURCES

Legal name

Eco Material Technologies

Website

https://flyash.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Headwaters Resources (Eco Material Technologies) is North America's leading supplier of coal ash, natural pozzolans, and synthetic gypsum, serving 6,000+ construction, cement, and industrial customers from 100+ sites via a 60-terminal, 4,000-railcar logistics network as a CRH plc subsidiary.

Ownership category

akta.pro rank

Product category

Construction Materials - Supplementary Cementitious Materials

NAICS

Cement Manufacturing (327310)

SIC

Cement, Hydraulic (3241)

akta.pro primary industry

Cementitious Binders & Additives (Fly Ash, Slag, Silica Fume, Lime) (IMADAAAH)

Keywords

• Supplementary cementitious materials
• Fly ash supply
• Coal ash beneficiation
• Concrete binding materials
• Pozzolan distribution

Headquarters

HQ city

South Jordan

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Supplementary Cementitious Materials Sales: Sale of coal ash, fly ash, natural pozzolans, synthetic gypsum, limestone cement, and other binding materials to concrete producers and construction companies. Revenue is generated through product sales across a national distribution network of terminals and direct delivery capabilities.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Headwaters Resources (operating as Eco Material Technologies) produces and distributes supplementary cementitious materials (SCMs), including fly ash, natural pozzolans, synthetic gypsum, limestone cement, slag, and calcined clay, along with specialty products such as Green Cement LLC and RestoreAir®, to concrete producers and construction companies across North America. The company also harvests and beneficiates coal combustion products (CCPs) from landfilled and ponded ash sites, and offers ash management, gypsum processing, and engineering services to utilities and infrastructure projects.

Product overview

Eco Material Technologies operates as the leading producer and supplier of supplementary cementitious materials (SCM) in North America, offering a portfolio of performance binding materials including fly ash, Green Cement LLC products, limestone cement, pozzolans, slag, and calcined clay. The company also produces non-traditional SCMs via beneficiation from landfilled/ponded ash, bottom ash, and natural pozzolans. Their offerings include products for ammonia slip mitigation, engineered materials, RestoreAir®, and road construction materials, supported by services such as CCP Management, CFB Ash Management, Ash Harvesting and Beneficiation, Engineering Services, Gypsum Processing and Management, and Utility Services.

Differentiator

Problem solved

Functional benefit

Brands

• RestoreAir®: Product for ammonia slip mitigation applications
• Green Cement LLC

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Ash GrovecoreStrategic or Co-development PartnerEco Material Technologies and Ash Grove work closely together to offer a comprehensive portfolio of solutions including a wide range of performance binding materials: limestone cement, ash, pozzolans, slag, and calcined clay.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Cemex USA: Major U.S. cement, ready-mix, and aggregates producer with growing internal SCM and lower-carbon cement initiatives. A broad competitor in cementitious materials and concrete inputs.
• Holcim US: Major U.S. cement and concrete producer with growing SCM and supplementary materials offering. Competes in adjacent product lines and benefits from integrated cement-SCM-portland limestone cement strategy.
• Titan America: U.S. cement and concrete products subsidiary of Titan Cement International. Competes in cement and aggregates, with Separation Technologies as its fly ash affiliate.
• Vulcan Materials Company: Largest U.S. producer of construction aggregates and a major concrete and cement participant. Competes in the broader construction materials value chain supplying concrete producers.
• Lehigh Hanson: U.S. subsidiary of Heidelberg Materials, one of the largest cement, aggregates, and ready-mix concrete producers in North America. Competes in cement and downstream SCM utilization.
• Boral Limited: Construction materials and building products company (formerly a CRH peer in fly ash/SCM before North American fly ash assets were combined into Eco Material Technologies). Comparable in cementitious materials and concrete products.
• Ash Grove: A CRH subsidiary and strategic partner of Eco Material Technologies, producing cement and concrete. Ash Grove is both a partner in cross-selling binding materials and a CRM-internal competitor in cement and concrete.

Direct peers

• Salt River Materials Group: Phoenix-based supplier of fly ash, pozzolans, and other cementitious materials, serving concrete producers across the western U.S. A direct competitor in fly ash marketing and distribution.
• Charah Solutions: A direct competitor in fly ash, bottom ash, and CCP management services for the U.S. utility and concrete industries. Charah Solutions operates a similar ash harvesting, beneficiation, and SCM distribution model serving concrete producers.
• Separation Technologies (Titan Cement): A leading U.S. fly ash processor and supplier, wholly owned by Titan Cement. Directly competes in the same fly ash SCM market with similar beneficiation technology and terminal-based distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/headwaters-resources

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HEADWATERS RESOURCES