CRH, the global construction materials giant, just pulled off the deal of the year! They have acquired the aggregates business from Kufner Group d.d., the leader in the quarry industry in eastern and central Croatia. Yes, you read that right — four quarries, the heart of the Croatian aggregates market, are now in CRH’s hands. But hold on, it’s not that simple! The business areas related to railway infrastructure and insulation materials, as well as associated companies like Remont Pruga Matić and Kumal, are NOT part of this transaction. Siniša Mauhar, CRH’s General Director for the Western Balkans region, is thrilled: this acquisition shows their commitment to growing essential materials business in the region, supporting major infrastructure projects. On the flip side, Slaven Kufner, General Director of Kufner Group, says selling the aggregates segment is a strategic move that will allow Kufner Group to strengthen its market position and open new growth opportunities with access to global expertise, best practices, and innovation. This deal isn’t just a business move; it’s a signal that the construction materials market in the region is seriously shifting. Is this the start of CRH’s dominance in the region? Or will Kufner Group bounce back stronger using global know-how? One thing’s for sure — the construction industry in the Western Balkans will never be the same. What do you think about this mega takeover? Is it a win for the regional economy or just another step towards monopoly? Drop your thoughts, let’s get the conversation rolling!
CRH Acquires Kufner Group’s Aggregates Business: A Game Changing Deal in the Regional Construction Materials Market
