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Irish cement giant’s bid partner Barro is both friend and foe

Simon Evans

The $68 billion Irish building materials giant CRH, architect of the $2.1 billion joint bid for cement maker Adbri, will be in fierce competition in some markets with bid partner the Barro family, according to patriarch and billionaire Raymond Barro.

Mr Barro, whose privately held Victorian cement and concrete group operates 20 concrete plants and employs 600 people in Victoria and Queensland, said those interests would remain family owned and remain a competitor to Adbri. The Barros are best known as the name behind pre-mixed concrete brand Pronto.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/manufacturing/irish-cement-giant-s-bid-partner-barro-is-both-friend-and-foe-20231219-p5esdc