In February 2015, CRH plc announced that it had reached an agreement to acquire certain assets from Lafarge S.A. and Holcim Ltd for a total Enterprise Value of $7 billion. CRH is pleased to announce that the transaction is now complete, with the exception of the Philippines which is expected to close in Q3 2015.
CRH becomes the third largest building materials player globally and the world No. 2 in aggregates. Employee numbers will increase by 15,000 people to 91,000. The acquired assets consist of over 685 locations in 11 countries and include:
the largest cement producer in Central Canada; an excellent fit with CRH's existing Americas Materials business, further strengthening the Group's position in this key North American region;
- major cement and aggregates operations in Western Europe's three largest markets; Great Britain, France and Germany;
- leading cement and aggregates companies in the growth regions of Central and Eastern Europe (CEE), creating a strong regional cluster in which CRH becomes the number one heavyside building materials company;
- and entry positions of scale in two emerging economic regions; Brazil and the Philippines (completion expected in Q3 2015).