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News CRH to sell Europe Distribution business to Blackstone

CRH to sell Europe Distribution business to Blackstone

Written by Global Cement staff 17 July 2019
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Ireland: CRH has agreed to sell its Europe Distribution business to private equity funds managed by Blackstone for Euro1.64bn. The business comprises CRH’s entire General Builders Merchants business in Europe, including its Sanitary Heating and Plumbing business. It supplies building materials to professional builders, specialist contractors and DIY customers through a network of local and regional brands across six countries in Western Europe. The divestment follows a strategic review of the business in 2019. The transaction is subject to regulatory approval.

Last modified on 17 July 2019
Published in Global Cement News
Tagged under
  • Ireland
  • CRH
  • Divestments
  • Blackstone Group
  • retail
  • GCW414

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