CSR seeks to buy building product companies

CSR, Asia's biggest maker of insulation products, may seek to acquire building product companies as slowing construction work makes them cheaper to buy.

"We're in a good position to expand," CSR chief executive Alec Brennan told the Australian Broadcasting Corp's Inside Business programme yesterday.

"We've looked at buying assets, but quite frankly during the boom times assets in the building products area have been very expensive. As that demand comes off, assets might become a bit cheaper."