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  • Aug. 27, 2015, 9:06 AM
    • Ireland's CRH agrees to acquire U.S. glazing products manufacturer CR Laurence for $1.3B.
    • Already the leading producer of asphalt and No. 3 supplier of construction aggregates in the U.S., CEO Albert Manifold says the deal "makes us by a country mile the number one in this sector."
    • CRH expects the acquisition to generate $115M in EBITDA from sales of ~$570M in 2015, boosting its own U.S. glass business.
    • Manifold says the company now will take a breather from large-scale acquisitions after also recently completing a €6.5B ($7.35B) acquisition of assets that Holcim and Lafarge had to sell to win regulatory approval for the newly merged LafargeHolcim, the world's biggest cement maker.
    • CRH also reports its H1 net profit rose to €46M ($52.2M) from €45M a year ago, slightly above analyst estimates, while revenues rose 13% to €9.37B from €8.32B, matching expectations.
    | Aug. 27, 2015, 9:06 AM
  • May 27, 2015, 9:29 AM
    • Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) have finalized the make-up of the future 10-member executive committee of the combined LafargeHolcim.
    • The two also reached a binding agreement under which Irish cement maker CRH will buy some of their assets for €6.5B ($7.1B). The deal was a regulatory condition required for the merger.
    | May 27, 2015, 9:29 AM
  • Feb. 2, 2015, 6:46 AM
    | Feb. 2, 2015, 6:46 AM
  • Feb. 2, 2015, 3:10 AM
    • Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) have moved a step closer toward obtaining regulatory approval for their merger after the two confirmed plans to sell assets to Irish building supplies group CRH (NYSE:CRH) for $7.34B.
    • CRH was a finalist in an auction for the assets, battling in the past few days with a consortium led by Blackstone (NYSE:BX).
    • The new company created from Lafarge and Holcim's merger will become the world's biggest cement maker with $44B in annual sales.
    • Previously: CRH, Blackstone said to consider purchasing Lafarge-Holcim assets (Jan. 22 2015)
    | Feb. 2, 2015, 3:10 AM
  • Jan. 22, 2015, 11:13 AM
    • Trading in CRH (CRH +2.9%) is halted after Reuters reports that the Irish building materials company and a consortium led by Blackstone (NYSE:BX) will battle for the assets which Lafarge (OTC:LFGEF) and Holcim (OTCPK:HCMLF) must sell ahead of their planned merger, Reuters reports.
    • A source reportedly considers CRH the front runner after placing the highest offer for the assets with a €6B bid ($6.9B).
    • France's Lafarge and Swiss peer Holcim announced merger plans last year that would create the world's biggest cement maker with $44B in annual sales.
    | Jan. 22, 2015, 11:13 AM
  • Dec. 13, 2014, 2:29 PM
    • Buyout giant Bain capital may announce a deal to acquire CRH's (NYSE:CRH) clay brickwork division in the coming week, sources say.
    • The unit could fetch £400-450M.
    • CRH is selling peripheral businesses in order to fund acquisitions of up to €1.5B.
    • CRH previously signaled it may consider buying cement assets being sold by Lafarge (OTC:LFGEF, OTCPK:LFRGY) and Holcim (OTCPK:HCMLF, OTCPK:HCMLY), who are trying to complete a $40B merger. Bain is also thought to be looking at acquiring Lafarge and Holcim's assets.
    | Dec. 13, 2014, 2:29 PM
  • Apr. 21, 2014, 11:59 AM
    • Once Holcim (HCMLF, HCMLY) and Lafarge (LFGEF, LFRGY) start shedding assets across the world to complete their $40B merger and satisfy antitrust regulators, cement producers from Europe to the U.S. are likely to start lining up with offers.
    • Bloomberg says likely bidders for North American cement plants may include Europe’s HeidelbergCement (HDELY) and Titan Cement (TITCF), as well as Mexico’s Cemex (CX) and Ireland's CRH; for businesses in cement aggregates - crushed rock, gravel and sand - potential buyers are Vulcan Materials (VMC) and Martin Marietta Materials (MLM), as well as P-E firms.
    • These are prime assets that don’t come up for sale often, so almost everyone in the industry will take a look, a Cantor Fitzgerald analyst says.
    | Apr. 21, 2014, 11:59 AM
  • Apr. 4, 2014, 10:40 AM
    • Holcim (HCMLF +2.4%) and Lafarge (LFRGY +6.7%), the world’s two largest cement makers, are exploring a potential merger of equals that would create a company with a combined market value of more than $50B, Bloomberg reports.
    • Holcim and Lafarge combining would allow the companies to cut production costs by melding production capabilities and cutting excess capacity, but  a merger could face heavy antitrust issues from multiple governments.
    • Peers are rising on the news: CX +4.2%, VMC +2.1%, MLM +3.4%, CRH +2.8%, GVA +0.3%.
    | Apr. 4, 2014, 10:40 AM