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CRH agree $1.1 billion divestment of European lime operations

CRH are divesting their European lime operations to SigmaRoc
CRH are divesting their European lime operations to SigmaRoc

SigmaRoc to acquire operations in Ireland, the UK, Germany, Czech Republic, and Poland

CRH plc have reached an agreement to divest their lime operations in Europe to SigmaRoc plc for a total consideration of around US$1.1 billion. The transaction is subject to customary conditions and regulatory approvals.

The business comprises 16 operating locations with leading market positions across Ireland, the UK, Germany, Czech Republic, and Poland. The combined business generated sales of around US$610 million and EBITDA of around US$137 million in 2022.


The transaction is structured in three phases, the first of which is expected to complete in early 2024 comprising the Group’s lime operations in Germany, Czech Republic, and Ireland. The remaining phases, consisting of operations in the UK and Poland, are expected to complete in 2024.

The UK operations involved consist of Tarmac’s Tunstead and Hindlow sites, which will be retained by CRH, with material being sold to SigmaRoc under long-term supply agreements.

Albert Manifold, chief executive of CRH, said: ‘The decision to divest at an attractive valuation follows a comprehensive review of the business and demonstrates CRH’s active approach to portfolio management. The proceeds from the divestment will provide us with significant additional capital allocation opportunities to deliver further growth and value creation for our shareholders.’


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