IRISH BUILDING MATERIALS group CRH has announced that it spent almost €630 million on investments and acquisitions in 2012.
CRH said that of the total, net deferred consideration came to €130 million and cash spend for the year was €500 million.
The company also announced today that it undertook 18 acquisition and investment initiatives during the second half of the year.
CRH’s America’s division completed 12 acquisitions totalling €256 million during the period which the company said strengthened its existing business and broadened its product portfolio.
In Europe the group acquired a concrete products manufacturer in Finland, an aggregates, ready-mixed concrete and cement importation business in the Isle of Man and two sanitary, heating and plumbing businesses in Belgium.
The six transactions in Europe totalled €119 million in investment from CRH in the second half of 2012.
Speaking about the announcement today, Myles Lee, Chief Executive of CRH said the activity reflects the company’s ongoing development of new opportunities in other markets.
To embed this post, copy the code below on your site
have your say