Advised on Sale of CompanyBuilding Products & Services
Acquired 100% of Shares
Within the scope of its European growth strategy, CRH plc (Dublin) acquired 100% of the shares of Paulsen-Group. The transaction includes the three Northern Germany based sanitary, heating and ventilation equipment wholesale businesses: Andreas Paulsen GmbH & Co. KG (Kiel, Headquarters), Dietrich F. Liedelt GmbH (Norderstedt), and Paulsen & Eckhardt GmbH (Martensdorf) as well as the belonging properties at four locations. Following the acquisition CRH will strengthen its building services unit in the German speaking countries, which already includes the Swiss “Richner Bäder and Plättli AG” acquired in the year 2000. “Richner Bäder and Plättli AG” is one of the leading wholesaler for bathroom furniture and tiles.
A leading wholesaler in the sanitary, heating and ventilation sector with significant strategic position in Northern Germany with 27 locations in Schleswig-Holstein, Greater Hamburg, and Mecklenburg-Vorpommern. The Group operates an area-wide sales organisation of modern show-rooms, well located pick-up stores, and three regional logistic centers and is a partner of the specialist tradesmen with a customer base of more than 2,300 businesses.
A trong-growing group with the core businesses: primary materials, value-added building products and building materials distribution. Active in 32 countries and listed in Dublin, London and New York as “International Building Materials Group”.
IMAP initiated the transaction on behalf of the shareholders of Paulsen-Group and conducted it as a “controlled auction process”.