CRH spends €225m on US, Turkish firms

CRH has invested €225 million in two separate international deals.

The Dublin-headquartered international building materials group has bought a 50% stake in the Turkish-based cement and pre-mixed concrete business, called Denizli Cement. It bought the stake from the privately-owned industrial group, Eren Holdings — which still owns the other half of the business.

Under the new arrangement, CRH and Eren will have joint management control of the business, based in the Turkish city of Denizli.