CRH interested in Heidelberg’s US, Belgium assets
CRH is interested in U.S. and Belgian assets that HeidelbergCement may sell to address competition concerns over its acquisition of Italy’s Italcementi, according to Reuters.
“U.S. cement is of interest to us and we’re fully aware of the asset that may spin out of the potential acquisition,” says Albert Manifold, CRH’s chief executive. “With regards to Belgium, it’s a prime asset and certainly it would make a good fit with our businesses, providing the value is right.”
According to Reuters, German cement maker HeidelbergCement agreed to buy Italcementi for 6.7 billion euros last year. Reuters adds that the company says it would propose selling all of Italcementi’s activities in Belgium and mandated BNP Paribas to run the process.
HeidelbergCement is a building materials company in more than 40 countries. Its core activities include the production and distribution of cement and aggregates.
CRH is a global building materials group that employees more than 89,000 people at around 3,900 locations worldwide. It delivers building materials and products for use in buildings, roads, public spaces, infrastructure and other construction areas.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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