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CRH’s first-half acquisitions/investments total approximately €470 million

CRH has made 17 acquisition and investment initiatives during the first half of 2013. These transactions, together with the acquisition of Cementos Lemona in Spain (acquired as part of the Uniland asset swap announced in February) and net deferred consideration payments, bring development spend for the first half of 2013 to approximately €470 million. Proceeds to date from divestments and disposals, including the Uniland swap, amount to approximately €185 million. “The group has continued in 2013 to develop
July 3, 2013 Read time: 2 mins

723 CRH has made 17 acquisition and investment initiatives during the first half of 2013. These transactions, together with the acquisition of Cementos Lemona in Spain (acquired as part of the Uniland asset swap announced in February) and net deferred consideration payments, bring development spend for the first half of 2013 to approximately €470 million.

Proceeds to date from divestments and disposals, including the Uniland swap, amount to approximately €185 million.

“The group has continued in 2013 to develop its portfolio across its six main business segments. In particular, the acquisition in March of Expocrete, a major concrete products business in the attractive western Canada market, represents a significant expansion of CRH's Canadian operations. It brings total Group annualised sales in Canada to €315 million and complements our existing North American architectural products business,” says Myles Lee, CRH chief executive.

In the Americas in the first half of 2013 there were 12 transactions totalling €178 million (materials, seven transactions largely focused in the eastern region of the United States; products, four transactions completed, and distribution, a complementary bolt-on to the company’s Interior Products, Washington DC, Maryland, business).

In Europe, five transactions toatlled €58 million (materials, bolt-on transactions in Northern Ireland and Britain; products, acquired two concrete products manufacturing facilities in Belgium, and the acquisition of two general builders merchants., extending the branch networks in Belgium (two branches) and the Netherlands (seven).

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