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New Deal


Announced

CRH and Barro Group to acquire the remaining 53% stake in Adbri for AUD1.1bn.

Synopsis

CRH, a provider of building materials solutions, and Barro Group, a building material company, agreed to acquire the remaining 53% stake in Adbri, a building materials business in Australia, for AUD1.1bn. "We are very pleased to announce this potential acquisition of Adbri in partnership with the Barro family. We have held a long-term interest in the Australian construction materials market, which has attractive attributes including stable market dynamics and positive growth prospects, similar in nature to the Southern United States and Central and Eastern Europe where we have a significant presence," Albert Manifold, CRH CEO.

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