Skip to main content

CRH divests Benelux DIY businesses

Published by
World Cement,


CRH has completed the sale of its market-leading DIY business in the Netherlands and Belgium, as well as certain related property assets, to Intergamma, a Dutch DIY franchise and a US real-estate investor. The deal is valued at €510 million.

The business – part of CRH’s European Distribution business – was the leading DIY chain in the Netherlands and third largest in Belgium, according to the CRH website. The Irish company retains DIY positions in Germany and Portugal.

The European Distribution business also includes general building merchants in a number of northern and central European countries, as well as sanitary, heating, and plumbing (SHAP) businesses in Switzerland, Belgium, and northern Germany.

CRH has been reducing its exposure to the building materials distribution business, focusing on investments in heavy building materials. In January, the company completed the divestment of its Americas Distribution business for US$2.63 billion.

Meanwhile, the company has invested heavily in its Heavyside business, recently acquiring a number of US cement assets, including the headline-grabbing purchase of Ash Grove Cement for US$3.5 billion.

Read the article online at: https://www.worldcement.com/europe-cis/18072018/crh-divests-benelux-diy-businesses/

You might also like

 WCT2020

Optimisation 2020

Optimisation 2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Cement news 2018