8-K

CRH PUBLIC LTD CO 8-K Report (Aug 30, 2007)

Filed August 30, 2007For Securities:CRH

Summary

CRH Public Limited Company (CRH) announced on August 30, 2007, its acquisition of the remaining 55% stake in Cementbouw BV, a significant Dutch building materials company. This strategic move consolidates CRH's ownership, bringing its total investment in Cementbouw to approximately EUR184 million. Cementbouw is a key player in the Dutch market, with substantial operations in cement trading, fly-ash, aggregates, and ready-mixed concrete production. The acquisition is expected to enhance CRH's presence in the Netherlands, particularly within its Europe Materials Division. Cementbouw's established management team will continue to lead the business, which will serve as a new reporting and development platform. The financial details highlight Cementbouw's 2006 performance, with EBITDA of EUR26.5 million on sales of EUR213 million, indicating a solid operational base for future growth under CRH's full ownership.

Key Highlights

  • 1CRH has acquired the remaining 55% of Cementbouw BV, consolidating full ownership.
  • 2The total investment in Cementbouw now amounts to approximately EUR184 million.
  • 3Cementbouw reported EUR26.5 million in EBITDA on EUR213 million in sales for 2006.
  • 4Cementbouw is a major Dutch trader of cement, fly-ash, and aggregates.
  • 5It is also a leading producer of ready-mixed concrete in the Netherlands with 24 plants.
  • 6Cementbouw will operate as a new reporting and development platform within CRH's Europe Materials Division.
  • 7The existing management team of Cementbouw will continue to lead the business.

Frequently Asked Questions

The primary purpose of this filing was to announce CRH's acquisition of the remaining 55% stake in Cementbouw BV, thereby gaining full ownership of the Dutch building materials company.

Cementbouw BV is a significant Dutch company involved in the building materials sector. It is a major trader of cement, fly-ash, and aggregates, and is one of the leading producers of ready-mixed concrete in the Netherlands. It operates a network of 24 ready-mixed concrete plants and is also active in the trading and transport of aggregates.

Following the acquisition of the remaining 55% stake, CRH's total investment in Cementbouw BV amounts to approximately EUR184 million.

No, the filing states that Cementbouw's existing management team will continue to run the business. This indicates continuity and a strategy to leverage their expertise.