Building materials giant CRH says it has a “strong pipeline of opportunities” with regards M&A activity. So far this year CRH has spent $200m on acquisitions, according to a trading update from the group. Ireland’s largest company has experienced a “positive” start to the year, with like-for-like sales increasing by 3pc in the first three months of 2021. CRH said a particularly strong performance in its Building Products division was partly offset by weather disruption in its Materials businesses in North America and Europe. In its European Materials division like-for-like sales were 1pc ahead of 2020, as challenging weather at the start of the year was offset with improved trading in March.

Source: Irish Independent April 28, 2021 06:56 UTC