# CRH sells Building Distribution Europe to Blackstone funds

CRH sold its Building Distribution Europe division to funds managed by Blackstone for €1.64 billion. The division distributes building materials in six Western European countries.

- Type: Acquisition
- Announced: 2019-08-05
- Where: Netherlands
- Value: $1.84B (1.64B EUR)
- Status: completed
- Products: building materials, sanitary ware, heating equipment
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Blackstone Group](https://endata.com/companies/2364.md) (acquirer)
- [CRH](https://endata.com/companies/15142.md) (target)

## Sources

- [houtwereld.nl](https://www.houtwereld.nl/nieuws/crh-verkoopt-handelsdivisie/), 2019-08-05: "CRH voert als redenen van de verkoop aan dat zij zich meer wil focussen op haar kernactiviteiten."

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