CRH acquires remaining 55% of Cementbouw BV

CRH acquires remaining 55% of Cementbouw BV
Published: 30 August 2007

CRH plc announced today that it has acquired the remaining 55% of Cementbouw BV not already owned by CRH. Following this buyout, CRH’s investment in the business amounts to approximately EUR184m. Cementbouw reported EBITDA of EUR26.5m on sales of EUR213m in 2006.

Cementbouw is a major Dutch trader in cement, fly-ash and aggregates and is one of the leading readymixed concrete producers in the Netherlands. The company’s Binding Agents & Logistics division is a major player in the Dutch cement trading and distribution market, and is also one of the leading suppliers of fly-ash in the Netherlands. The Ready Mix division operates a network of 24 well-located readymixed concrete plants primarily in the more densely populated western regions of the Netherlands. This division is also active in the trading and transport of aggregates.

Cementbouw’s existing management team will continue to run the business which will become a new reporting and development platform within CRH’s Europe Materials Division.