CRH Sells Oldcastle Building Unit to KPS for $3.8 Billion
- CRH’s Oldcastle unit makes glass exteriors for buildings
- Ireland’s CRH is among world’s biggest building material firms
This article is for subscribers only.
CRH Plc, one of the world’s biggest building materials companies, is selling its Oldcastle Building Envelope unit to buyout firm KPS Capital Partners for $3.8 billion including debt.
Dublin-based CRH announced the deal in a statement Monday that confirmed an earlier Bloomberg News report. The valuation includes cash of $3.45 billion and the transfer of lease liabilities of $350 million and is subject to customary conditions and regulatory approvals.