CRH to sell Irish lime operation in $1.1bn Europe-wide deal

SigmaRoc has agreed to acquire CRH’s lime units in Ireland, the UK, Germany, Czech Republic and Poland

CRH exited Euronext Dublin to move its primary listing to the US in September. Picture: NYSE

CRH, the Irish-headquartered building materials giant, has agreed to sell its European lime operations to SigmaRoc, the specialist quarries material group, in a deal valued at $1.1 billion.

The company's European lime units, which generated sales of roughly $610 million last year, include locations across Ireland, the UK, Germany, Czech Republic and Poland.

The sale - which is subject to regulatory approval - will be conducted in three phases, the company said.