Building materials group CRH has announced its biggest-ever transaction - its US subsidiary Oldcastle Materials has reached agreement to purchase Ashland Paving And Construction (APAC) for $1.3bn (€1.01bn).

BUILDING materials group CRH Plc has bought a 50% stake in American Cement Company LLC (ACC) for $50 million (€39m) in cash via its US subsidiary Oldcastle Materials Inc, it said yesterday.

CRH plc has made a number of senior management changes at Oldcastle Inc., the holding company for CRH’s American operations.

FIVE executive directors of the building materials giant CRH shared nearly €6.5 million in salaries and bonuses last year.