Transaction

Clearwater advises Confac on its sale to CRH

Transaction

Confac sold to CRH

Sell-side

Undisclosed

Role

Adviser to Confac on its sale to CRH

Sector

Industrial & Chemicals

Region

Denmark

Clearwater has advised the owners of Confac A/S (Confac), the producer and distributor of concrete elements for specialised prefabricated facade solutions, on its sale to the international building materials group CRH A/S.

Founded in 2007 and headquartered in Randers, Denmark, Confac specialises in concrete facade solutions for businesses, private homes and public buildings and operates in one of the most highly automated factories of prefabricated concrete production in Europe. In 2017, the company expanded its portfolio with the acquisition of Magnus Holm A/S, a supplier of fibre concrete solutions. With its total solutions tailored to the customers’ needs, Confac has been able to take advantage of an increasing trend and demand for prefabricated construction.

CRH is one of the world’s leading companies in building materials. With this acquisition, CRH further strengthens its position as a producer of sustainable concrete solutions. Confac’s core business supports CRH’s approach to meeting the customers’ changing needs for holistic solutions. Going forward, Confac will continue under the same brand as a part of CRH.

Concrete producer Confac

It was very important to us to find an adviser with a deep understanding of us and our business concept. We chose Clearwater because we quickly felt at ease with a team that had the right answers, but also the right challenging questions for us so our business could be presented in the right way. Despite a turbulent time in the wake of the COVID-19 pandemic, the team presented a wide field of potential buyers and we considered different scenarios for Confac’s future. We ended up finding our match in those we knew the best. CRH is the partner that can evolve the business further, preserve its distinctiveness and core products and expand it to reach new heights.

Erling Holm, CEO and co-founder, Confac

It has been a great pleasure advising the four shareholders in Confac on the sale to CRH. In just 15 years, Confac has built a leading position in fabricated concrete elements based on one of the most highly automated factories in Europe. The demand for prefabricated building solutions has been steadily increasing due to a lack of workforce and the desire for more predictable and short construction processes, and Confac matched those needs perfectly. Congratulations to Confac and CRH on the transaction.

Lars Rau Jacobsen, Partner, Clearwater

Advisers

Transactions