CRH spending passes €400m mark

CRH’s spending levels are believed to have passed the €400m mark for the year to date following an estimated €35m bolt-on purchase of a heating product wholesale company in Belgium.

In its latest trading update, issued earlier this week, the Dublin-based building materials group said a further eight transactions had been completed since the end of June, bringing year-to-date acquisition and investment spend to €390m.

While the group made no further comment yesterday, a proposed purchase of Lambrechts, a family-owned Belgian company, was reported on the latter’s corporate website.