LONDON: On December 30, 2025 Saint-Gobain formed a JV with a subsidiary of Indocement Tunggal Prakarsa (a publicly traded Indonesian cement company 53% owned by Heidelberg Materials) to acquire Indocement’s mortars business in Indonesia. The JV will be 60% held by Saint-Gobain with the remaining 40% held by Indocement Tunggall Prakarsa. Indocement’s mortars business is well-established in…
SYDNEY: Big River Industries Ltd (ASX:BRI) said on Monday it will acquire Western Australian distributor John’s Building Supplies for up to A$17 million, expanding its trade-focused building materials footprint in the state. The deal includes A$15 million upfront, comprising A$13 million in cash and A$2 million in Big River shares, with an additional A$2 million…
Sika AG has acquired Marlon Tørmørtel A/S, a mortar manufacturer in Denmark. The company is renowned for its strong product portfolio and its excellent customer service. The acquisition creates a growth platform for Sika in the Nordics, providing exciting opportunities for further market expansion and cross-selling with Sika’s complementary solutions. Marlon is a family-owned, high-performing…
Group revenue increased to £232.1 million for the six months ended June 30 LONDON: Lords Group Trading plc (AIM:LORD), a leading UK distributor of building materials, reported an 8.4% increase in group revenue to £232.1 million for the six months ended June 30, 2025, up from £214.2 million in the same period last year. The…
Revenue rose 10.1% to £1.25 billion, supported by integration of Spanish distributor Salvador Escoda and acquisition of HSS Hire Ireland LONDON: Grafton Group plc reported a 9.5% rise in adjusted operating profit for the first half of 2025, driven by strong contributions from its Iberian operations and disciplined margin management, despite mixed market conditions across…
Company posted revenues of $10.2 billion, up 6%, net income rose 2% to $1.3 billion NEW YORK: CRH Plc (NYSE: CRH), a leading provider of building materials solutions, on Thursday reported second-quarter 2025 financial results, citing strong underlying demand, favorable pricing, and strategic acquisitions as key drivers of growth. The company posted total revenues of…
NEW YORK: QXO, Inc. (NYSE: QXO) announced Thursday it has submitted a proposal to acquire all outstanding shares of GMS Inc. (NYSE: GMS) in an all-cash transaction valued at approximately $5 billion, offering $95.20 per share — a 27% premium over GMS’s 60-day volume-weighted average price. Brad Jacobs, QXO’s chairman and chief executive, said the…
Saint-Gobain, the global leader in light and sustainable construction, has made a non-binding offer to acquire CSR Limited, a leading Australian building materials company, for A$9 per share in cash, valuing the deal at around A$3.5 billion. The offer is subject to due diligence, regulatory approvals, and CSR shareholders’ approval. CSR’s board has unanimously agreed…
LONDON, UK: Lords Group, a leading distributor of building materials in the UK, has acquired a 90% interest in the leading plumbing and heating businesses, DH&P Trade Counters Holdings Limited and DH&P HRP Holdings Limited (together ‘DH&P’), for a total consideration of £9.3 million. The remaining 10% interest in DH&P’s issued share capital will be…
CRH plc is an international group of diversified building materials businesses which manufacture and supply a wide range of products for the construction industry. The company was established and incorporated and is currently domiciled and managed in Ireland where it ranks as the largest Irish company. CRH has a primary listing on the London Stock…
LONDON: SIG plc, a leading supplier of specialist building materials to trade customers across Europe, has announced the appointment of Steve Francis as Chief Executive Officer (CEO). This permanent appointment results from a search process that commenced in December 2019 and follows the announcement on 25 February 2020 that Steve would be CEO on an…