CRH, which was one of the largest suppliers of material to the new Queensferry Crossing near Edinburgh, has been on a buying spree CRHCRH has pulled out of the race to buy PPC, ending its short pursuit of its South African rival. The Dublin-based building materials group decided not pursue its initial interest in the company after carrying out due diligence over the past number of weeks, PPC said yesterday. It added: “CRH has decided not to submit an updated expression of interest and therefore considers it appropriate to withdraw from the independent board’s process.”CRH, the world’s third largest building materials supplier by value, is Ireland’s largest company by turnover with revenues totalling €27.1 billion last year and profits of €1.7 billion. It has extensive operations in the UK and was one of the largest suppliers of material to the Queensferry Crossing near Edinburgh that opened earlier…

Source: The Times December 08, 2017 00:03 UTC