CRH purchases Lafarge, Holcim cement assets for $7.3 billion

Allison Kral Published Feb 9, 2015

According to The Street, Irish cement maker CRH announced that it will be purchasing the cement assets of Lafarge and Holcim Ltd. for $7.3 billion. This purchase marks the company’s largest deal ever and clears the way for the sellers to merge.

After announcing their $39 billion deal to merge, Lafarge and Holcim launched an auction to dispose of its cement assets to receive approval to merge. CRH took the lead in the auction last month, beating out a joint offer from Blackstone Group and Cinven, The Street reports.

The assets CRH agreed to buy account for “the vast majority of the divestments” requested by regulators in return for their approval for the merger, says Holcim CEO Bernard Fontana.

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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.