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SigmaRoc PLC announced on 2 September 2024 the completion of its acquisition of CRH plc's Polish lime operations, referred to as the 'Polish Target'. This acquisition includes CRH's Ovetill Investments SP. Z o.o, encompassing its lime and limestone flour production, associated distribution network, and assets in Poland. This transaction marks the third and final acquisition as described in a previous announcement on 23 November 2023.
| Date | 2 Sept 2024 |
| Time | 07:00:07 |
| Category | Corporate updates |
| ID | 4145C |
2 September 2024
(EPIC: SRC / Market: AIM / Sector: Construction Materials)
SIGMAROC PLC
('SigmaRoc', the 'Group' or the 'Company')
Completion of acquisition of CRH's Polish Lime operations
SigmaRoc, the Northern European lime and minerals group, is pleased to announce that, further to its announcement on 4 June 2024, it has today completed the acquisition of the Polish lime operations of CRH plc (the 'Polish Target').
This concludes the third and final acquisition as described in the announcement on 23 November 2023.
The Polish Target, CRH's Ovetill Investments SP. Z o.o, includes CRH's lime and limestone flour production, associated distribution network and assets in Poland.
Defined terms used throughout this announcement have the meanings set out in the admission document published by the Company on 23 November 2023 unless the context requires otherwise.
Information on the Company is available on its website, www.sigmaroc.com.
For further information, please contact:
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SigmaRoc plc Max Vermorken (Chief Executive Officer) Garth Palmer (Chief Financial Officer) Tom Jenkins (Head of Investor Relations)
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Tel: +44 (0) 207 002 1080
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Liberum Capital (Nomad and Co-Broker) Scott Mathieson / John More / Dru Danford
Deutsche Numis (Co-Broker) Richard Thomas / Hannah Boros
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Tel: +44 (0) 203 100 2000
Tel: +44 (0) 20 7260 1000
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Walbrook PR Ltd (Public Relations) Tom Cooper / Nick Rome
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Tel: +44 (0) 20 7933 8780 [email protected] Mob: +44 7971 221972
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About SigmaRoc plc:
SigmaRoc is a quoted European lime and minerals Group.
Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.
SigmaRoc seeks to create value by purchasing assets in fragmented markets and extracting efficiencies through active management and by forming the assets into larger groups. It seeks to de- risk its investments through the selection of projects with strong asset backing.