In the 1980s, CRH invested in its Irish operations by completing major modernisations to its two cement works; the largest capital project carried out by an Irish company up to that time. Relative to its market capitalisation, this remains the largest single development project carried out by CRH.
The foundation of what is now our Americas Materials Division commenced in 1985 with the acquisition of Callanan Industries, an aggregates and asphalt company in Upstate New York. CRH’s presence in mainland Europe grew in 1987 with the acquisition of the Beton Catalan Group, a major producer of aggregates, concrete products and readymixed concrete in Spain. By the end of the 1980s, CRH had sales of €1.3 billion and operations in 7 countries having spent €440 million on a further 49 acquisitions.