In 2000, our Europe Materials team acquired the Jura Group in Switzerland, a further step in expanding CRH’s cement and aggregates presence in Europe, also with a distribution business with scope to add value with the support of CRH’s existing European distribution group.
In 2003, CRH completed its biggest deal to date with the acquisition of Cementbouw, a leading Dutch building materials group with DIY, merchanting and building products operations and a 45% joint venture stake in Cementbouw’s cement trading and readymixed concrete operations. The major acquisition of 2004 was the 49% joint venture stake, with joint management control, of Secil, a major Portuguese manufacturer of cement and readymixed concrete. 2006 acquisitions included Ashland Paving And Construction (APAC) for US$1.1 billion (net of disposals), the largest single transaction completed by the Group. Significant transactions in 2007 included 50% acquisition of Denizli Cement (Turkey) and 100% acquisition of Harbin Sanling Cement (China).
2008 saw major changes in the financial, economic and business climate worldwide, which necessitated a significant shift in CRH's short-term focus and a curtailment of development activity as the economic environment deteriorated. Acquisitions completed included a 50% stake in MyHome Industries Limited (MHIL), an Indian cement producer with strong market positions and excellent reserves in the Andhra Pradesh region of SE India. In 2009 CRH increased its emerging market exposure by acquiring a 26% stake of Yatai Cement, the leading cement manufacturer in NE China with 14Mt of cement capacity at time of purchase.
By the end of the 2000s, CRH had sales of €17.4 billion having spent €13.7 billion on a further 520 acquisitions.