|CRH, the global building materials group, was formed through a merger in 1970 of two leading Irish public companies, Cement Limited (established in 1936) and Roadstone Limited (1949). About 90% of CRH's shares are held outside Ireland. CRH's has a payroll of 80,000 and less than 2,000 are located in Ireland. |
CRH, the international building materials group,
today announced 23 acquisition and investment initiatives totalling
approximately €0.4bn undertaken during the second-half of 2011.
The Europe Materials units had 3 acquisitions
with 1 investment valued at €195m while the Europe Products & Distribution had 4
acquisitions at €28m. There were 9 acquisitions at America Materials valued at
CRH also spent €72m on six acquisitions in its
Americas products and distribution division. Other deals included companies in
Belgium, Finland, China, Ukraine, France and the US. They ranged from cement
plants in Ukraine to asphalt plants in New Jersey.
Commenting on these developments, Myles
Lee, CRH chief executive, said: “The bolt-on
transactions announced today are very much in keeping with the Group’s strategy
to acquire businesses which add value to our existing operations or which expand
our footprint in developed markets where we see opportunities for further
growth. Meanwhile we continued to grow our activities in developing economies by
investing through our 26% associate in northeastern China and through a
strategic bolt-on acquisition in Ukraine.”
Check out our new
subscription service, Finfacts Premium
, at a low annual charge of €25 - - if
you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to
support the service.
It's a simple fact that in the
prevailing economic climate, the provision of high quality content cannot be
sustained through advertising alone.
Business executives who put a
premium on time and value high quality information, should use our service.