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.