CRH’s €0.6 billion acquisition of Fels

Hengeler Mueller advises CRH on acquisition of Fels from Xella

CRH plc (CRH) and Xella International S.A. signed an agreement on the sale of Fels to CRH.

With nine production locations in Germany and one each in the Czech Republic and in the Moscow region of Russia, Fels has leading market positions in the lime markets in each of these areas and over 1 billion tonnes of high quality limestone reserves. The Company has been a division of Xella International S.A. since 2001. CRH is a leading lime producer in the UK, Poland and Ireland with annual production volumes of 1.2 million tonnes and sales of €180 million. The integration of Fels with CRH’s existing business will give CRH a number 2 position in the attractive European lime market while providing a platform for further growth. In 2016, Fels reported EBITDA of €70 million on sales of €260 million.The sale is subject to the approval of the antitrust authorities.

CRH is a leading global building materials group employing over 87,000 people in 21 countries and EUR 27.1 bn revenues in 2016.

Hengeler Mueller advised CRH on the acquisition. The Hengeler Mueller team included partners Annika Clauss (Picture), Joachim Rosengarten, Frank Burmeister (all M&A, Frankfurt), Fabian Quast (Public Law, Berlin), Thorsten Mäger (Antitrust, Düsseldorf), Martin Klein (Tax, Frankfurt) and counsel Susan Kempe-Müller (IP/IT, Frankfurt) as well as associates Arvid Morawe, Till Wansleben (both M&A), Sonnhild Draack (Labour) (all Frankfurt), Julius Städele, Dr. Carolin Raspé (both Berlin), Moritz Rademacher (Düsseldorf) (all Public Law), Benedikt Migdal (IP/IT, Berlin), Marius Marx (Tax), Talbot Zander (Real Estate) (both Frankfurt) and Christian Dankerl (Antitrust, Düsseldorf).

Involved fees earner: Annika Clauss – Hengeler Mueller; Joachim Rosengarten – Hengeler Mueller; Frank Burmeister – Hengeler Mueller; Arvid Morawe – Hengeler Mueller; Till Wansleben – Hengeler Mueller; Fabian Quast – Hengeler Mueller; Julius Städele – Hengeler Mueller; Carolin Raspé – Hengeler Mueller; Moritz Rademacher – Hengeler Mueller; Thorsten Mäger – Hengeler Mueller; Christian Dankerl – Hengeler Mueller; Martin Klein – Hengeler Mueller; Marius Marx – Hengeler Mueller; Susan Kempe-Müller – Hengeler Mueller; Benedikt Migdal – Hengeler Mueller; Sonnhild Draack – Hengeler Mueller; Talbot Zander – Hengeler Mueller;

Law Firms: Hengeler Mueller;

Clients: CRH plc;