CRH has busy with its expansion program lately, participating in 21 acquisition and investment initiatives over the six months, spending almost €200 million in the process, the Irish Times reported.
Next stop for CRH is the acquisition of Belgian business VVM Group. If approved, the VVM Group acquisition will put CRH’s total spending to almost €300 million.
The European materials division will gain in the process two cement grinding mills with a combined capacity of 1.5 million tonnes in Belgium and two readymixed concrete plants in Belgium and France.
"The first six months of 2011 saw development activity continue across all six operating segments, strengthening our existing market positions and adding valuable and well-located aggregates reserves," said CRH chief executive Myles Lee.
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