Building materials group CRH has said it spent a total of €536m on acquisitions and investments last year.
The company said it spent €367m on 17 development initiatives during the second half of the year. It said this was a step-up in the pace of development activity for the group.
The deals completed during the year included a total of 28 traditional bolt-on acquisitions, which expanded its materials presence in the US and Switzerland especially, and which also enhanced its presence in the 'attractive' German distribution market.
CRH chief executive Myles Lee said that the 2010 acquisitions contribute incremental annualised sales of €0.8 billion, of which about €0.2 billion will be reflected in its 2010 results.
