Cement News tagged under: Civilmart

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CRH moves to buy Civilmart

01 November 2024, Published under Cement News

CRH has moved to buy CPE Capital’s Civilmart business, with the business containing assets that were previously part of Rocla Pipes. Rocla was sold to CPE Capital in 2021 for about AUD56.5m (US$37m) by Fletcher Building. At the time, the technology linked to the asset was considered somewhat dated, which may have been a motivating factor for the sale. The understanding around the market is that CPE Capital was commanding a price between AUD100m-500m and probably for AUD200m-250m. CPE me...