CRH reported to carry out due diligence on HeidelbergCement's US assets

CRH reported to carry out due diligence on HeidelbergCement's US assets
Published: 28 June 2016

Tagged Under: HeidelbergCement CRH Acquisition 

Ireland-based building materials giant CRH is reportedly among bidders for the US assets put up for sale by HeidelbergCement to appease competition authorities over its Italcementi acquisition.

CRH and US company Summit Materials are among bidders chosen to carry out due diligence for US$600m of US assets, according to Bloomberg.

In April CRH’s CEO Albert Manifold had already indicated that the group was interested in the Germany-based cement producer.