CRH announces spending of nearly €400 million

The construction materials group, CRH has announced spending of €394m on acquisitions and other developments in the first six…

The construction materials group, CRH has announced spending of €394m on acquisitions and other developments in the first six months of the year.

The doesn’t include the EHL and US Aggregates deals worth close to €300 million announced in May.

The moves announced this morning include the construction of a €2.4m concrete wall panel plant at its Dublin plant and acquisitions in Poland, Switzerland and the Netherlands.

In the United States, CRH's materials division spent €240m on 10 acquisitions and investments.

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CRH purchased the Europe products and distribution division of EHL for €155.4 million at the beginning of May and it paid a net €81.3 million in cash for the Utah and Alabama operations of US Aggregates, later the same month.