News | Investment company


Blackstone acquires CRH Europe Distribution

The Bauking headquarters in Iserlohn: through this subsidiary, a member of the German Hagebau Group, CRH is also active in the DIY business.

The Bauking headquarters in Iserlohn: through this subsidiary, a member of the German Hagebau Group, CRH is also active in the DIY business.

CRH Europe Distribution has been taken over by the Blackstone investment company. CRH ED has its headquarters in the Netherlands and is seen as the third largest DIY materials trading group in Europe with activities in the Netherlands, Germany, Switzerland, Austria, Belgium and France. The acquisition price is reported to be EUR 1.64 bn, annual sales EUR 3.7 bn. The cartel authorities still have to agree to the transaction.

CRH ED is also active in the DIY store business through the fully owned German subsidiary Bauking, because Bauking is a partner of the German cooperative Hagebau and, in addition to around 80 locations in the building materials and wood trade, also operates around 50 DIY stores under the Hagebaumarkt brand. The Austrian building materials supplier and Hagebau partner Quester is also a fully owned CRH subsidiary. Among CRH's activities in the building materials trade are also the fields of plumbing and heating.

Blackstone's headquarters are in New York. The takeover of CRH ED was reported by the London office.

|18 July 2019 | 12:05


Post a comment

* Please complete the areas marked in red correctly and in full!.

(will not be published)

* obligatory fields

Latest news

Depo DIY also expands in Estonia

The Latvian chain Depo DIY is now also expanding in Estonia. It is currently completing a location there in Tallinn. The online message service View news...

CIHS cancelled for 2020 and moved to October again for 2021

The China International Hardware Show (CIHS) in Shanghai has been cancelled for 2020 and returns to its October date in 2021. This has been announced View news...

Hubo boss Erwin Van Osta is now chairman of Comeos

Erwin Van Osta, owner and CEO of the Belgian DIY store chain Hubo, is new chairman of the Belgian retail federation Comeos for the period of 2020 to View news...

8th Global DIY Summit in June 2021 in Copenhagen

The 8th Global DIY Summit won't take place until next year, namely from 9 to 11 June 2021 in the Danish capital of Copenhagen. With the postponement View news...

DIY International | Service

DIY International Corona special

The Coronavirus crisis and the DIY industry

All news, reports and information from the DIY International editorial team in connection with the corona epidemic at a glance. The pages are constantly updated. As the situation changes very quickly, please note the date and time of the respective publication.

CORONA special

Actual figures

Statistics Home Improvement Europe

Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!