CRH plc, the international building materials group, announced on 29th July 2003 that it had reached agreement in principle to acquire the distribution and building products operations of Cementbouw Handel & Industrie (“Cementbouw”).
At the same time, CRH announced that it had also reached conditional agreement to acquire a 45% stake in a leveraged buyout of Cementbouw’s materials operations.
CRH welcomes the prompt decision announced today by the European Commission to clear these transactions which are expected to close in early October.
| Contact CRH at Dublin 404 1000 (+353 1 404 1000) | |
| Liam O’Mahony | Chief Executive |
| Harry Sheridan | Finance Director |
| Myles Lee | Finance Director Designate |
| Brian Hill | Managing Director, CRH Europe Products & Distribution |