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News CRH consolidates European lime business with acquisition of Fels

CRH consolidates European lime business with acquisition of Fels

Written by Global Cement staff 24 August 2017
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Germany: Ireland’s CRH has acquired Fels, a lime and aggregate business, for Euro600m from Xella International. The purchase includes nine production locations in Germany, one in the Czechia and one in the Moscow region of Russia, as well as over 1Bnt of limestone reserves. The assets will be added to CRH’s Europe Heavyside division. The purchase is expected to make CRH the second largest business in the European lime market. The acquisition has been funded by the sale of CRH’s Americas Distribution business to Beacon Roofing Supply for Euro2.2bn.

Last modified on 30 August 2017
Published in Global Cement News
Tagged under
  • Germany
  • CRH
  • lime
  • Acquisition
  • Fels
  • Czech Republic
  • Russia
  • Limestone
  • GCW317

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