CRH completes its biggest ever purchase
29/08/2006 - 10:07:27CRH plc, the international building materials group has announced the completion of the acquisition of Ashland Paving And Construction Inc. (APAC) in its biggest-ever transaction worth $1.3bn (€1.01bn).
Goodwill arising on the transaction is estimated at approximately $450m (€349m).
CRH boss Liam O'Mahony said: "I am delighted that agreement has been reached for the purchase of APAC which represents a major milestone in the development of our Americas materials business and the largest ever transaction to be completed by CRH.
"We aim to build on this significant new platform through enhancing the materials focus of APAC’s business and through the application of the Americas materials division’s vertically integrated approach to aggregates, asphalt and highway construction."
