16th Apr 2008 13:30
CRH PLC16 April 2008 N E W S R E L E A S E 16 April 2008 CRH REACHES AGREEMENT TO ACQUIRE UK PRODUCER OF CONSTRUCTION ACCESSORIES CRH plc, the international building materials group, announces that it hasreached agreement with Tyco International Ltd. to acquire Ancon BuildingProducts for a total cash consideration of Stg£88 million (euro 109 million).Completion of the transaction is subject to the granting of the requiredregulatory approvals. Ancon, which is headquartered in Sheffield and also has operations incontinental Europe, the Middle East and Australia, designs and manufactures arange of stainless steel fixing systems and other accessories for theconstruction industry. In 2007 Ancon earned EBITDA of Stg£12.9 million onsales of Stg£54.5 million. CRH's existing Construction Accessories business, which was formed in 2003 withthe acquisition of Plakabeton, is the market leader in Western Europe with salesin 2007 of over euro 400 million. Contact CRH at Dublin 404 1000 (+353 1 404 1000) Liam O'Mahony, Chief Executive Myles Lee, Finance Director Eimear O'Flynn, Head of Investor Relations Maeve 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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