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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.
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Great to see an Irish company going so well and taking a few risks . Its a pity all the others including people with millions in the banks don’t go out and spend a few pound to get this economy going again
Taking a few risks?
You mean like the erection of Israel’s apartheid wall?
The green shirt shakes a shekel to shackle the natives, eh?
Getting ready for another Boom, or bubble?
Oh shut it, stop bemoaning a successful Irish company.
Yeah Stephen,
..don’t be talking down the soft landing.
Didn’t Bertie tell your type to go commit hara-kiri?
No realism please, we’re Oirish.
Blind faith in authoritarian heirarchies is what binds us together.
@conor. Its great to see an irish company that is succesful but at the expense of what is bordering on slave driving of their employees.
Which Irish politician awarded the most work when they started?
have your say