Today (30 September 2021) BME Group completed the acquisition of Baucentrum Cronrath’s (Cronrath) general building materials (GBM) distribution activities from the shareholders of Cronrath, which will enable BME Group to further strengthen its footprint in the Western German market. The intention to acquire the Cronrath GBM business was announced on 23 June 2021.
Cronrath offers a comprehensive product portfolio of building materials. Beyond the GBM business, Cronrath owns and operates a hagebau DIY and gardening store, which is not part of the transaction. The Cronrath GBM business employs a total of 85 employees. This acquisition supports BME Group’s plan to increase its footprint in areas adjacent to its current presence.
Financial details of the transaction will not be disclosed.
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