CRH’s approach to acquisitions is a devolved process but follows a rigorous and controlled procedure of:

Identifying deals

• Ongoing contact with an extensive 40+ year target database
• Each deal done opens doors to further opportunities
• CRH's scale ensures access to all larger industry transactions

Courtship/negotiation

• Patient approach recognising evolving owner circumstances
• Deals tailored to meet varying owner needs
• Upfront clarity with regard to post-acquisition priorities

Evaluation

• Rigorous qualitative operational review process and due diligence
• Financial evaluation based on returns and value creation
• Prudent margin, cash flow and terminal value assumptions
• Strict Board approval process, with subsequent 3 year look back

Integration

• Implement CRH management information systems, reporting, budgeting, cash and capex controls
• Transition to CRH operational Best Practice
• And then pursue growth plans