News release
June 3, 2015 — OTTAWA, ON — Competition Bureau
Building materials maker CRH plc has received the green light to buy all of Holcim Ltd.’s Canadian operations and associated assets.
This sale is being made further to the May 2015 consent agreement between Holcim and the Competition Bureau, relating to Holcim’s acquisition of Lafarge S.A.
Under the agreement, which will preserve competition in the supply of cement and related products throughout Canada, CRH will also buy one cement plant and five cement terminals from Holcim in the United States. The sale of one of Holcim’s U.S. cement plants was required to allow the Canadian assets to run effectively as a stand-alone business once they are no longer associated with other Holcim assets.
Quick facts
- CRH operates in Canada through its subsidiary Oldcastle Building Products Canada, Inc., a Canadian manufacturer of concrete blocks and landscaping products, with operations in six provinces. This subsidiary is part of a large network of operations held by Oldcastle, Inc., which also has businesses in 50 States, and has 39,000 employees throughout North America.
- The Commissioner has the sole discretion to approve a buyer for the assets to be sold under the agreement and will only do so if he concludes that a buyer will provide effective competition in Canada.
- The merger review process involves collecting information from, and conducting interviews with, a wide range of industry participants, including the parties, suppliers, competitors, customers and industry experts.
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Le Bureau de la concurrence, en tant qu’organisme d’application de la loi indépendant, veille à ce que les entreprises et les consommateurs canadiens prospèrent dans un marché concurrentiel et innovateur.