UNIPOL HOLLAND
CRH construction company divests EPS producer to investment funds
Construction company CRH (Kingscourt / Ireland; www.crh.ie) seems to be ridding itself of its remaining European EPS and polyisocyanurate insulation materials business in a piecemeal fashion. At the beginning of March, the two holdings Strong Boot Capital (Bosch en Duin / The Netherlands) and Common Wealth Investment (Hong Kong / China) acquired EPS resins producer Unipol Holland (Oss / The Netherlands; www.unipol.nl) for an undisclosed amount.
Last year, CRH had sold off most of its insulation activities – consisting of Unidek Gefinex (Steinhagen / Germany; www.unidek.de) as well as several European affiliates – to Kingspan Group (Dublin / Ireland; www.kingspan.com). As a result of the latest sale, CRH’s insulation activities now consist only of its 49% stake in Jackon Insulation (Steinhagen / Germany; www.jackon-insulation.com).
Last year, CRH had sold off most of its insulation activities – consisting of Unidek Gefinex (Steinhagen / Germany; www.unidek.de) as well as several European affiliates – to Kingspan Group (Dublin / Ireland; www.kingspan.com). As a result of the latest sale, CRH’s insulation activities now consist only of its 49% stake in Jackon Insulation (Steinhagen / Germany; www.jackon-insulation.com).
02.04.2012 Plasteurope.com [221990-0]
Published on 02.04.2012