# CRH makes cash bid for South African cement maker PPC

CRH made a non-binding cash bid for PPC, a South African cement producer. PPC will allow CRH to conduct due diligence and submit an updated bid next week. The value was not disclosed.

- Type: Acquisition
- Announced: 2017-11-13
- Where: South Africa
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [CRH](https://endata.com/companies/15142.md) (acquirer)
- [PPC Ltd](https://endata.com/companies/22158.md) (target)
- [Suwannee American Cement](https://endata.com/companies/27284.md) (target)
- [Anderson Columbia](https://endata.com/companies/27285.md) (partner)
- [Prestige Concrete Products, Inc.](https://endata.com/companies/28072.md) (target)
- [A. Mining Group, LLC](https://endata.com/companies/28073.md) (target)
- [Votorantim Cimentos North America, Inc.](https://endata.com/companies/28074.md) (partner)

## Sources

- [rte.ie](https://www.rte.ie/news/business/2017/1113/919655-crh-south-africa-deal/), 2017-11-13: "CRH's updated expression of interest would include a per share value, adding that its discussions with LafargeHolcim and CRH 'may or may not lead to the submission of firm intention letters'."
- [uk.marketscreener.com](https://uk.marketscreener.com/quote/stock/CRH-PLC-1412364/news/CRH-plc-completed-the-acquisition-of-Suwannee-American-Cement-LLC-Prestige-Concrete-Products-Inc-34885917/), 2017-11-29: "CRH plc completed the acquisition of Suwannee American Cement LLC, Prestige Concrete Products, Inc. and A. Mining Group, LLC from Votorantim Cimentos North America, Inc. and Anderson Columbia Co., Inc. on November 30, 2017."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.