CRH has successfully acquired Gunderup Grus- og Stenleje and Bedsted Lø Grusværker ApS, two of Denmark's largest gravel pits, to enhance its supply chain and strengthen its market position in the construction materials industry.
Information on the Target
Gunderup Grus- og Stenleje and Bedsted Lø Grusværker ApS represent the two largest stone and sand gravel pits in Jutland, Denmark, and rank among the largest in the entire country. Both companies are notable for their impressive annual extraction rates, each exceeding 1 million tons of high-quality raw material. Gunderup Grus- og Stenleje specifically covers over 350 hectares of rich gravel deposits.
The strategic acquisition of these quarries was divided into two phases, with the first closing occurring on December 1, 2022, and the second on February 1, 2023. This segmented approach was necessary due to the inability of CRH to finalize both acquisitions concurrently.
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Industry Overview in Denmark
The construction materials industry in Denmark is robust and dynamic, driven by a steady demand for high-quality raw materials essential for building and infrastructure p
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CRH plc
invested in
Gunderup Grus- og Stenleje and Bedsted Lø Grusværker ApS
in 2022
in a Buyout deal
Disclosed details
Revenue: $32M