Economy & Market
CRH initiatives worth € 470 m
CRH plc the international building materials group, announced 17 acquisition and investment initiatives undertaken 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. Myles Lee, CRH Chief Executive, said "The Group has continued 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 western Canada market, represents a significant expansion of CRH's Canadian operations. It brings the total Group annualised sales in Canada to Euro 315 million and complements our existing North American architectural products business."