Lafarge Tarmac has relaunched as Tarmac following the completion of CRH’s multi-billion pound takeover deal of assets sold under the Lafarge and Holcim merger.
The new deal willl see the company formerly known as Lafarge Tarmac trade under the name Tarmac, making it the UK’s market leader in building materials and construction solutions.
The announcement was made today after the Irish-based CRH bought Lafarge Tarmac from rivals Lafarge in February.
The £4.9bn deal also saw CRH acquire Lafarge and Holcim assets in Europe, North America, South America and Asia, and was part of the two companies’ bid to win regulatory approval ahead of their £26bn planned merger.
As part of the merger that would make Lafarge and Holcim the largest building materials supplier in the world, both companies were required to sell off global assets to adhere to EU competition regulations.
The deal was approved by the European Commission in April, making CRH the third largest building materials supplier in the world.
The new UK-based business will employ 6,600 staff across 330 sites across the country, and will also be boosted by access to import capacity and access to three existing manufacturing plants.
The company confirmed that there would be no changes to relationships with customers, suppliers and stakeholders following the deal.
Tarmac’s chief executive Cyrille Ragoucy said: “This is an exciting evolution for our business. With our new owner CRH in place to support the ongoing development and delivery of our strategic vision, we’re in an exceptionally strong position to deliver our growth ambitions and continue creating value for our customers, our shareholders and our employees.”