CRH spends €250m on 18 buys

The building materials group CRH yesterday announced it spent €250m on 18 acquisitions and investment initiatives over the first half of the year, although there was a marked slowdown in activity over May and June.

The acquisitions were split between a €155m outlay in Europe and €89m in the Americas.

The company announced in an IMS update at the beginning of May that it had forked out €230m in acquisitions over the first four months of 2012, which means there was less than €20m spent on deals over May and June.