CRH PLC
16 April 2008
N E W S R E L E A S E
16 April 2008
CRH REACHES AGREEMENT TO ACQUIRE
UK PRODUCER OF CONSTRUCTION ACCESSORIES
CRH plc, the international building materials group, announces that it has
reached agreement with Tyco International Ltd. to acquire Ancon Building
Products for a total cash consideration of Stg£88 million (euro 109 million).
Completion of the transaction is subject to the granting of the required
regulatory approvals.
Ancon, which is headquartered in Sheffield and also has operations in
continental Europe, the Middle East and Australia, designs and manufactures a
range of stainless steel fixing systems and other accessories for the
construction industry. In 2007 Ancon earned EBITDA of Stg£12.9 million on
sales of Stg£54.5 million.
CRH's existing Construction Accessories business, which was formed in 2003 with
the acquisition of Plakabeton, is the market leader in Western Europe with sales
in 2007 of over euro 400 million.
Contact CRH at Dublin 404 1000 (+353 1 404 1000)
Liam O'Mahony, Chief Executive
Myles Lee, Finance Director
Eimear O'Flynn, Head of Investor Relations
Maeve Carton, Group Controller
CRH plc, Belgard Castle , Clondalkin, Dublin 22, Ireland TELEPHONE
+353.1.4041000 FAX +353.1.4041007
E-MAIL mail@crh.com WEBSITE www.crh.com Registered Office, 42 Fitzwilliam
Square , Dublin 2, Ireland
This information is provided by RNS
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