Announced
Completed
Financials
Tags
Ireland
Private Equity
diversified building materials
Acquisition
Private
Building Materials: Other
Friendly
Completed
Single Bidder
Majority
Synopsis
Blackstone Group completed the acquisition of the Europe Distribution business of CRH, an international group of diversified building materials businesses, for €1.64bn. "The transaction announced today demonstrates the continued execution of CRH's strategy of creating value for our shareholders through active portfolio management, the efficient allocation of capital and creating a simpler and more focused Group going forward. We wish our colleagues in Europe Distribution every success as they enter this new phase of their development," Albert Manifold, CRH CEO.
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