![]() ![]() ![]() 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. 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. CRH will announce full year results for 2021 on 3 March 2022. In 2020, the Business generated IFRS EBITDA of $337 million, profit before tax of $210 million and gross assets at 30 June 2021 amounted to $2.5 billion. The Business comprises CRH's entire Building Envelope business which provides architectural glass, storefront systems, architectural glazing systems and related hardware to customers primarily in North America. Prior to this, he held various roles of increasing. Previously, Nathan was President of Building Products and President of Oldcastle BuildingEnvelopeĀ®. In his current role, he is the President of CRH Americas. The transaction is subject to customary conditions and regulatory approvals. Nathan has over 20 years of experience in the materials and building products industry and joined CRH in 2011. (OBE or the Company) from CRH plc (LSE: CRH) for approximately 3.45 billion in cash. The consideration, payable on closing, includes cash of $3.45 billion together with a transfer of lease liabilities of $0.35 billion. 28, 2022 /PRNewswire/ KPS Capital Partners, LP (KPS) announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire Oldcastle BuildingEnvelope Inc. DUBLIN, IRELAND / ACCESSWIRE / Febru/ CRH plc announces that it has entered into a binding agreement to divest of its Building Envelope business (the "Business") to KPS Capital Partners, LP for an enterprise value of $3.8 billion. ![]()
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