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Tue June 15 2021

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CRH takes stock of €470m first-half acquisitions

2 Jul 13 CRH carried out 12 acquisitions and investments in the Americas in the first half of this year at a total value of €178m (£152m), as part of €470m spent on development.

Five transactions in Europe contributed €58m to the total tally for the first six months of the year.

Seven of the transactions were largely focused in the eastern region of the USA, where it secured about 435 million tonnes of aggregates reserves. It has also added manufacturing facilities in western Canada, the Carolinas and Pennsylvania.

In addition to acquisitions in the UK, its recent European deals have included buying two concrete product manufacturing facilities in Belgium and expanding its builders merchants network in Belgium and the Netherlands.

CRH chief executive Myles Lee said: “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 €315m and complements our existing North American architectural products business.”

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