Building materials firm CRH plc has completed its acquisition of UK business Lafarge Tarmac from Lafarge SA and Anglo American Plc, rebranding it as Tarmac.
The rebranded building materials firm, which supplies packed cement into the builders merchant sector, features iconic brands Tarmac and Blue Circle with over 6,600 employees across more than 330 sites.
The deal will see Irish firm CRH significantly expand its business in the UK and globally.
The takeover follows the merger of Lafarge and Holcim to form LafargeHolcim, which was completed last month.
In order for the merger to go ahead, Lafarge Tarmac was put up for sale last summer, with the exception of its Cauldon cement works in Staffordshire and the Cookstown cement plant in County Tyrone, N Ireland (now owned by Aggregate Industries).
On 2 February 2015, CRH plc announced that it had reached agreement to acquire certain assets from Lafarge S.A. and Holcim Ltd for a total Enterprise Value of €6.5bn.
The newly combined business said it is now the market leader in aggregates, asphalt, contracting services, lime and powders and a leading player nationwide in cement, concrete and other building products.
It added the company’s position in cement is also enhanced by access to significant import capacity in addition to its existing three UK manufacturing plants.
Tarmac’s CEO, Cyrille Ragoucy,said: “This is an exciting evolution for our business. With our new owner CRH in place to support the ongoing development and delivery of our strategic vision, we’re in an exceptionally strong position to deliver our growth ambitions and continue creating value for our customers, our shareholders and our employees.”