CRH completes final phase of European lime divestment

NEW YORK--(BUSINESS WIRE)-- CRH plc (NYSE: CRH), the leading provider of building materials solutions, announced on November 22, 2023, that it had reached an agreement to divest its lime operations in Europe for a total consideration of c.$1.1 billion. CRH is pleased to announce that the third and final phase of the transaction, comprising the Group’s lime operations in Poland, is now complete.

About CRH

CRH (NYSE: CRH, LSE: CRH) is the leading provider of building materials solutions that build, connect and improve our world. Employing approximately 78,500 people at approximately 3,390 operating locations in 28 countries, CRH has market leadership positions in both North America and Europe. As the essential partner for transportation and critical utility infrastructure projects, complex non-residential construction and outdoor living solutions, CRH’s unique offering of materials, products and value-added services helps to deliver a more resilient and sustainable built environment. The company is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies. A Fortune 500 company, CRH’s shares are listed on the NYSE and LSE.

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Albert Manifold, Chief Executive

Jim Mintern, Chief Financial Officer

Lauren Schulz, Chief Communications Officer

Tom Holmes, Head of Investor Relations

ir@crh.com

Source: CRH plc

FAQ

What is the total value of CRH's European lime divestment?

CRH's European lime divestment was completed for a total consideration of approximately $1.1 billion.

When did CRH announce the agreement to divest its European lime operations?

CRH announced the agreement to divest its European lime operations on November 22, 2023.

Which country's lime operations were included in the final phase of CRH's divestment?

The final phase of CRH's European lime divestment included the Group's lime operations in Poland.

How many phases were there in CRH's European lime divestment process?

CRH's European lime divestment process consisted of three phases, with the third and final phase now completed.