In 2010, the Group completed the buyout of the Bauking distribution business, which greatly strengthened CRH’s existing position in Germany. 2011 saw the acquisition of VVM Group, a major distributor of cement, readymixed concrete and other building materials in the Netherlands, yielding purchasing and logistics synergies in combination with our existing Benelux-based Cementbouw business. In 2013, major transactions included the acquisition of Mykolaiv Cement, Ukraine and Sree Jayajothi Cements Ltd in South India, and also Expocrete, a leading manufacturer and distributor of hardscape and masonry products in western Canada.

In 2014, CRH spent €190 million on 21 acquisitions across the United States and Europe. We initiated an active divestment programme and generated disposal proceeds of €350 million from 16 transactions. It was a year in which we also reorganised our European business. The company has now integrated the heavy materials business in Europe with its concrete and clay products businesses into one Europe Heavyside organisation and created a new Europe Lightside products segment. This reorganisation will enable the Group to better leverage the benefits of its operating plant network in European markets.

In August 2015, CRH acquired a global portfolio of assets from Lafarge-Holcim for an Enterprise Value of €6.5bn. This deal doubled CRH's cement volume, and expanded the Group's cement, aggregates and readymix concrete portfolio. These new businesses are an excellent strategic fit with CRH's existing portfolio and provide significant opportunities for synergies and further growth in the years ahead.