8th Jan 2016 07:11
LONDON (Alliance News) - Irish building materials CRH PLC on Friday said it made a total of EUR8.0 billion in acquisitions in 2015.
Over the course of the year, the group completed 20 bolt-on acquisitions, in addition to the purchase of assets from recently merged rival LafargeHolcim and of CR Laurence, the US glazing group it bought in August for USD1.3 billion.
On the other side, the group generated around EUR1.0 billion from disposals, including the sale of its clay and concrete products unit in the UK and its clay business in the US.
"Portfolio management, and in particular the reallocation of capital from lower growth areas into core businesses for growth, is a cornerstone of our value creation model," said Chief Executive Albert Manifold.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
CRH