Ireland: CRH has completed its divestment of its building envelope business. The group has reported the value of the deal as US$3.8bn.
In February 2022, CRH said that it had entered into a binding agreement to divest the building envelope business to US-based private equity firm KPS Capital Partners. It added that the decision to divest at an ‘attractive valuation’ followed a comprehensive review, demonstrating its active approach to portfolio management, the efficient allocation of capital and the creation of a simpler and more focused group.
