CRH development in 2011
CRH plc, the international building materials group, announces 23 acquisition and investment initiatives totalling approximately €0.4 billion undertaken during the second-half of 2011 as part of its continuing programme of development activity. The development initiatives in this Update include:
Europe Materials: 3 acquisitions, 1 investment - €195 million: A significant investment in cement grinding capacity in Belgium complementing existing activities in the Benelux; strategic add-on in Ukraine for recently commissioned state-of-the-art cement plant; readymixed concrete bolt-on acquisitions in Finland and continued development by associate Yatai Building Materials in northeastern China.
Europe Products & Distribution: 4 acquisitions - €28 million: Further build-out of Sanitary, Heating and Plumbing distribution activities expanding to 20 the total number of branches in this segment in Belgium.
Americas Materials: 9 acquisitions - €112 million (US$157 million): Active second-half bolt-on programme, adding approximately 0.25 billion tonnes of aggregates reserves, improving existing market positions and bringing total 2011 investment by this Division to approximately US$0.3 billion.
Americas Products & Distribution: 6 acquisitions - €72 million (US$101 million): Addition of 24 Distribution branches in four transactions in the second half of 2011; in particular the acquisition in December of United Products expanded the existing positions in the Northern Plains states of Minnesota, Wisconsin, North Dakota, South Dakota and Nebraska.
CONTACT
CRH plc
Head Office Belgard Castle Clondalkin Dublin 22/Ireland +353 1 4041000
mail@crh.com www.crh.com
