CRH purchases Concrete Specialties in $46.6m deal  

Irish building materials company CRH has purchased Illinois-based Concrete Specialties in a deal valued at $46.6m, says a report by The Irish Times.

Concrete Specialities is a producer of precast concrete products in the Chicago metropolitan area, southern Wisconsin and northern Indiana.

A CRH spokeswoman says in the report that the deal was in addition to the €150m of acquisitions spend that the group confirmed in its interim report published on 23 August.

“CRH committed to about €5 billion of asset purchases in 2017, making it the second-biggest deal-making year in the group’s history, following on from the €8 billion it spent in 2015,” the news report adds.

According to the article, CRH has returned to its business of security smaller bolt-on deals this year.

Source

 

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