Private equity firm Blackstone has acquired building materials firm CRH Europe Distribution.
CRH Europe Distribution (CRH ED) is headquartered in the Netherlands and is the third largest building materials distribution platform in continental Europe.
It is the European building materials distribution arm of CRH plc, a FTSE 100 diversified building materials group.
Lionel Assant, European Head of Private Equity for Blackstone, added: “We are delighted to invest in CRH ED. With its leading market position and strong management team it is well positioned to continue growing both organically and through M&A.”
Remco Teulings, CEO of CRH Europe Distribution, said: “We are proud to announce this acquisition by Blackstone. It is testament to all of our dedicated employees who have done so much to build this business. Having already established a strong platform, this transaction will allow us to realise our vision for future and further profitable growth.”