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CRH announces acquisitions worth over 350 million euros

Building materials group CRH has announced details of developments worth 354 million euros, including 27 acquisitions, during the second half of 2000.

In Europe, the group's materials division acquired 75% of Polish concrete paving maker Polbet, while it has also acquired a number of Finnish materials firms.

CRH's European distribution group spent 69 million euros on acquisitions, including an eight store DIY chain in the Netherlands.

The group's materials division in North America expanded with three bolt-on acquisitions at a cost of just under 70 million euros.

Its North American distribution division also announced acquisitions worth 196 million euros.

CRH's annual results are due to be announced on March 6.