CRH completes big US spend


Construction group CRH completed 17 acquisition and investment initiatives during the first half of 2013.

Together with its acquisition of Cementos Lemona in Spain (acquired as part of the Uniland asset swap announced in February) and net deferred consideration payments, the group’s development spend for the first half of 2013 to approximately €470 million.

Proceeds to date from divestments and disposals, including the Uniland swap, came to approximately E185 million. Myles Lee, CRH chief executive, said that the group has continued to develop its portfolio across its six main business segments so far in 2013.

“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,” he said. Source: The Irish Times

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