CRH Group Acquires DUS Concrete Business in Finland

< P > < FONT face = Verdana > Irish materials giant CRH has partnered with Lemmink & auml; Inen signed an agreement to acquire its remaining stake in Rudus and transfer the company's concrete business to CRH Group.

< P > < FONT face = Verdana > Based in Finland, Rudus manufactures products such as concrete and building materials. In this transaction, Lemmink & auml; The inen adjusted the price of the transaction to 55 million euros (44 million lira), which will raise the capital gain to 20 million euros. The transaction is subject to application and approval by the Finnish Competition Authority and is expected to continue until the third quarter of 2012.

Lemminkä The sale of inen's basic business units, including 24 plants, to CRH Group covers three business areas: precast concrete components, environmentally friendly concrete products and ready-mixed concrete. In 2011, the company had 400 employees in Finland and net sales of approximately 84 million euros. "Lemmink & auml; inen focuses on infrastructure in Northern Europe and housing in St. Petersburg, Russia." Timo & nbsp; Kohtam & auml; ki, Group CEO, said, "At present, the Group's development momentum is good, but further investment is needed to achieve significant business growth."

< P > < FONT face = Verdana > It is understood that Rudus has branches in Finland, the Baltic Sea and Russia, and the sale to CRH Group is only part of the company's Irish building materials business.

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