Davy Research

CRH

Acquisition spend continues with Americas Products bolt-on
Building Materials
CRH

DAVY VIEW

CRH is to acquire Advanced Environmental Recycling Technologies (AERT), a leading landscaping product manufacturer, for $117m. The deal fits neatly with the group’s aim to grow its market-leading position in building products in the Americas. Management has a stated aim to grow the business both organically and through acquisition, and we expect more of these deals in the coming months. This acquisition brings the total announced spend at CRH in 2017 to circa €600m. This step-up in acquisition spend is facilitated by the group’s financial discipline and strong cash generation. This forms a key element of our investment case for the stock.

Download full report with analyst certification and important disclosures
Download
Download full report with analyst certification and important disclosures
Download
  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • CRH

    Closing Price: 3261c

  • RATING 23/05/12

  • PREVIOUS RATING 12/01/12

    Neutral

Analyst(S)

COMPANY DATA

JUMP TO