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Irish company cements hold in Switzerland

The Irish building materials company, CRH, is taking over the cement and concrete producer, Jura Group, as part of its strategy to increase its presence across Europe.

CRH is paying SFr646 million ($364 million) for the company.

"Jura's strong market positions in core CRH business sectors will allow us to benefit fully from the programme of major infrastructure projects in Switzerland which is set to underpin increasing demand for our products," said CRH head, Liam O'Mahoney.

Jura is Switzerland's second biggest cement manufacturer.

CRH has spent more than SFr1.3 billion on acquisitions this year.

swissinfo with agencies

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