Purchase pushes CRH annual spend to €8bn

CRH has taken its committed spend for the current year to around €8bn on the back of another international mega-deal.

The Dublin-based international building materials giant yesterday announced the purchase of CR Laurence (CRL), a privately-owned Los Angeles-based glazing-focused building installation firm, for a total consideration of $1.3bn (€1.15bn), with the deal expected to close next month.

The US company looks set for full-year sales of around $570m this year, with pre-tax earnings set to amount to around $115m.