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CRH completes Lafarge-Holcim assets transaction

CRH has completed the transaction to acquire certain assets from Lafarge and Holcim for a total enterprise value of €6.5 billion, with the exception of the Philippines, which is expected to close in Q3 2015. “Today we extend a warm welcome to 15,000 new colleagues joining CRH. With their expertise and talent on board, combined with the strength of our existing employee base, CRH is a step closer to achieving our aim of becoming the world’s leading building materials company,” says Albert Manifold, CRH ch
August 3, 2015 Read time: 2 mins

723 CRH has completed the transaction to acquire certain assets from 725 Lafarge and 680 Holcim for a total enterprise value of €6.5 billion, with the exception of the Philippines, which is expected to close in Q3 2015.

“Today we extend a warm welcome to 15,000 new colleagues joining CRH. With their expertise and talent on board, combined with the strength of our existing employee base, CRH is a step closer to achieving our aim of becoming the world’s leading building materials company,” says Albert Manifold, CRH chief executive.

“The businesses we are acquiring, which represent an excellent geographic fit with CRH’s existing operations, are all strong performers in their respective areas.

“The integration of these high quality assets, which we have acquired at an attractive valuation and at the right point of the cycle, will strengthen our presence in a number of key markets as well as providing new platforms for strategic growth. The additional scale will help us to improve efficiency, speed up innovation and provide an even better service to our customers.”

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