Firm plans for €300m spending on acquisitions

BUILDING materials group CRH has said that it will likely spend around €300 million on acquisitions this year, in total.

While significantly down on the record €2.2bn outlay levels seen just a few years ago, it would mean that the Dublin-headquartered group would match second half spend with this year’s first-half tally of €159m.

That figure went on 13 transactions (nine ‘bolt-on’ buys in the US and four in Europe) and on funding for two of the group’s projects in China.