Construction News

30/08/2007

CRH Acquires Remaining Portion Of Cement Firm

Dublin-based cement and building materials group has revealed it has bought the remaining 55 per cent of Cementbouw BV for an undisclosed sum.

CRH said its investment in the Dutch trader, which specialises in cement and fly-ash, amounts to about 184 million euro following the buyout.

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The company also said Cementbouw’s current management team will continue to run the business, and it will become a new reporting and development platform within its Europe Materials Division.

(JM/SP)

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