The corporate team has advised the founders of Anchor Bay Construction Products Limited.
Our corporate team led by corporate partner, Christian Hunt, has advised Keir Donald and Phillip Greene, the founders of Anchor Bay Construction Products Limited, on the sale of the entire issued share capital of the company to CRH (UK) Limited.
Established in 1999, Anchor Bay is a specialist provider of reinforcement, formwork and waterproofing products and has a wide range of clients from the groundwork, concrete frame and pre-cast sections of the construction industry. The multi million pound turnover company is based in Erith, Kent.
The purchase of Anchor Bay was completed on 5 January for an initial cash consideration and then a further amount was payable to the vendors subject to certain financial performance criteria being met. As part of the deal, the vendors will remain with the business.
CRH (UK) Ltd is a division of international building group, CRH plc, which is headquartered in Ireland and has operations in 35 countries including its Ancon Building Products subsidiary in Sheffield which it purchased in 2008. It is listed in Dublin, London and New York. The group aims to be an international leader in building materials and the acquisition of Anchor Bay will complement its core businesses.
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