Building giant continues quest for acquisitions as it shells out €133m

CRH continues to actively seek further acquisitions, after shelling out €133 million on 13 bolt-on buys over the course of the first half of this year.

“We’re seeing a good flow of bolt-on opportunities across our business and we continue to monitor wider developments in our industry,” said group chief executive Myles Lee after yesterday’s first half trading update from the building materials giant ahead of its full set of interim results next month.

He added: “However, we’re maintaining a patient approach in progressing transactions in light of the challenging market backdrop. CRH is very well positioned to deliver a healthy transaction flow as trading visibility improves. Meanwhile, the disposal process for our insulation and climate control businesses in Europe – which we announced earlier this year – is advancing well.”