30th Aug 2007 09:00
CRH PLC30 August 2007 N E W S R E L E A S E 30th August 2007 CRH ACQUIRES REMAINING 55% OF CEMENTBOUW BV CRH plc, the international building materials group, announced today that it hasacquired the remaining 55% of Cementbouw BV not already owned by CRH. Followingthis buyout, CRH's investment in the business amounts to approximately €184million. Cementbouw reported EBITDA of €26.5 million on sales of €213 million in2006. Cementbouw is a major Dutch trader in cement, fly-ash and aggregates and is oneof the leading readymixed concrete producers in the Netherlands. The Company'sBinding Agents & Logistics division is a major player in the Dutch cementtrading and distribution market, and is also one of the leading suppliers offly-ash in the Netherlands. The Ready Mix division operates a network of 24well-located readymixed concrete plants primarily in the more densely populatedwestern regions of the Netherlands. This division is also active in the tradingand transport of aggregates. Cementbouw's existing management team will continue to run the business whichwill become a new reporting and development platform within CRH's EuropeMaterials Division. Contact CRH at Dublin 404 1000 (+353 1 404 1000) Liam O'Mahony, Chief ExecutiveMyles Lee, Finance DirectorEimear O'Flynn, Head of Investor RelationsMaeve Carton, Group Controller CRH plc, Belgard Castle , Clondalkin, Dublin 22, Ireland TELEPHONE +353.1.4041000 FAX +353.1.4041007 E-MAIL [email protected] WEBSITE www.crh.com Registered Office, 42 Fitzwilliam Square, Dublin 2, Ireland This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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