CRH's €6.5 billion deal is completed

摘要

Irish-based CRH's acquisition of parts of Lafarge and Holcim for €6.5 billion has been completed - with the exception of the Philippines, which is expected to close in the third quarter of this year. Albert Manifold, CEO of CRH, said that with the completion of the deal, his company was a step closer to achieving its aim of becoming the world's leading building materials company. The deal comes in the wake of the merger of Lafarge and Holcim, as the two companies had to undertake a major divestment programme as part of gaining regulatory approval for their proposed merger, which has been finalised. In February, CRH reached an agreement to acquire certain assets from Lafarge and Holcim. The transaction more than doubles CRH's cement production volumes and will further expand its aggregates and readymixed concrete portfolios. As a result, CRH claimed to have become the third largest building materials player globally, and the world No 2 in aggregates.