In the past year, CRH has spent around pounds 425m on acquisitions which include the pounds 385m takeover of Ibstock Bricks. Analysts said that this latest acquisition should give the group a virtual monopoly in its new markets. Shares in the group closed down 2p at 1198p.
CRH, EUROPE'S third biggest building materials company, is to spend pounds 270m buying itself a platform for expansion into Finland, the Baltic States and Russia. Dublin-based CRH has agreed to buy Finland's only cement- maker, Finnsementti, and concrete producer Lohja Rudus Oy from Sweden's Scancem AB.