8-K

CRH PUBLIC LTD CO 8-K Report (Sep 16, 2015)

Filed September 16, 2015For Securities:CRH

Summary

CRH Public Limited Company (CRH) announced the completion of the Philippines component of its previously announced acquisition of certain assets from Lafarge S.A. and Holcim Ltd. This filing, dated September 15, 2015, confirms the finalization of this significant transaction, which was initially agreed upon in February 2015 for an Enterprise Value of €6.5 billion. The completion of the Philippines operations marks the full integration of the acquired assets, solidifying CRH's global position in the building materials sector. This transaction represents a substantial step in CRH's growth strategy, more than doubling its cement production volumes and significantly expanding its aggregates and ready-mixed concrete portfolios. With this acquisition, CRH has ascended to become the third-largest building materials player globally and the second-largest in aggregates. The integration of approximately 15,000 new employees and over 685 locations across 11 countries, including strategic positions in North America, Western Europe, Central/Eastern Europe, Brazil, and the Philippines, underscores CRH's enhanced global reach and market leadership.

Key Highlights

  • 1CRH has successfully completed the Philippines portion of the Lafarge-Holcim asset acquisition.
  • 2The total Enterprise Value for the combined transaction was €6.5 billion.
  • 3This acquisition more than doubles CRH's cement production volumes.
  • 4CRH's aggregates and ready-mixed concrete portfolios have been significantly expanded.
  • 5The company is now the third-largest building materials player globally and the second-largest in aggregates.
  • 6The transaction adds approximately 15,000 employees and over 685 locations in 11 countries to CRH.
  • 7Key acquired assets include operations in Canada, Western Europe, Central/Eastern Europe, Brazil, and the Philippines.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce the completion of the Philippines element of CRH's acquisition of assets from Lafarge and Holcim. This confirms that the entire transaction, valued at €6.5 billion, has been finalized.

This acquisition significantly enhances CRH's global position. It makes CRH the third-largest building materials company worldwide and the second-largest in aggregates. The deal also substantially increases CRH's cement production volumes and expands its presence in key markets across North America, Europe, Brazil, and the Philippines.

The total Enterprise Value for the acquisition of these assets from Lafarge S.A. and Holcim Ltd. was €6.5 billion.

The acquired assets include operations in Canada (largest cement producer), Western Europe (Great Britain, France, Germany), Central and Eastern Europe, Brazil, and the Philippines. These assets primarily consist of cement, aggregates, and ready-mixed concrete businesses, significantly expanding CRH's product portfolio and geographical reach.