Something went wrong with the connection!

Manufacturing & Supply Chain

CRH completes $3.8 billion deal

 Breaking News

CRH completes $3.8 billion deal

CRH completes $3.8 billion deal
May 05
10:03 2022
Spread the love

CRH plc has completed the divestment of its Building Envelope business for an enterprise value of $3.8 billion. The Building Envelope business provides architectural glass, storefront systems, architectural glazing systems and related hardware to customers primarily in North America.

The decision to divest at an attractive valuation follows a comprehensive review of the business and demonstrates CRH’s active approach to portfolio management, the efficient allocation of capital and the creation of a simpler and more focused group. The proceeds from the divestment will be incorporated into the group’s capital allocation resources, focused on value-enhancing capital expenditure, value-accretive acquisitions and cash returns to shareholders.

CRH is the largest building materials business in North America and Europe and also has regional positions in Asia. CRH manufactures and supplies a range of integrated building materials, products and innovative solutions which can be found throughout the built environment, from major public infrastructure projects to commercial buildings and residential structures. A Fortune 500 company, CRH is a constituent member of the FTSE 100 Index, the EURO STOXX 50 Index, the ISEQ 20 and the Dow Jones Sustainability Index (DJSI) Europe.

About Author



Related Articles

Follow me on Twitter


New Subscriber

    Subscribe Here


    National Manufacturing Conference & Exhibition 2020

    NIBRT Springboard Success Stories