DUBLIN (dpa-AFX) - CRH plc (CRH.L, CRH) Wednesday said the 23 acquisitions and investment activities in second-half 2011 resulted in a total spend of 0.4 billion euros. Further the company noted the divestment, by its Europe Materials Division, of the Ireland-based Premier Periclase operations for approximately 21 million euros.
The Americas Materials division accounted for 9 acquisitions and 112 million euros, or about $157 million, in investment spending, while Europe Materials made 3 acquisitions and 1 investment for 195 million euros. Chief Executive Myles Lee commented 'The bolt-on transactions announced today are very much in keeping with the Group's strategy to acquire businesses which add value to our existing operations or which expand our footprint in developed markets where we see opportunities for further growth.'
Copyright RTT News/dpa-AFX
