Announced
Financials
Sources
Tags
Australia
cement manufacturing company
Cement
Acquisition
Cross Border
Pending
Single Bidder
Majority
Friendly
Public
Synopsis
CRH, an international group of diversified building materials businesses, and Barro, a ready mix concrete supplier, agreed to acquire the remaining 53% stake in Adbri, a manufacturer of cement, lime and dry blended products, for $700m. “We are pleased to reach this important milestone in the potential acquisition of Adbri in partnership with the Barro family. Adbri is an attractive business with high-quality assets and leading market positions that complement our core competencies in cement, concrete and aggregates while creating additional opportunities for growth and development for our existing Australian business. We look forward to working with the Barro family over the coming years to enhance the long-term growth and performance of Adbri,” Albert Manifold, CRH CEO.
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