![]() While KPS is poised to beat out several other suitors, talks could still be delayed or fall apart, the people said.Ī representative for CRH declined to comment and KPS didn’t immediately respond to a request for comment.ĬRH, which has a market capitalization of about $34 billion, began a sale process last year for Oldcastle, which generates around $300 million in annual earnings before interest, taxes, depreciation, and amortization, the people said at the time. The unit makes glass building products for projects ranging from storefronts and building entrances to shower enclosures and skylights.Ĭhief Executive Officer Albert Manifold has helped build CRH into a leading European and North American provider of materials and services used for buildings and roads through serial transactions. #OLDCASTLE BUILDING ENVELOPE HEADQUARTERS SERIAL# The company, whose roots go back to the merger of two Irish companies in 1970, had revenue of more than $27 billion and over 76,000 employees in 29 countries, according to its website.ĬRH is scheduled to present full-year 2021 earnings on March 3. The decision to sell Oldcastle comes during a rush of proposed building products deals, driven by private equity firms. KPS makes controlling equity investments in manufacturing and industrial companies and had $13.1 billion of assets under management as of December 31, according to its website.Aura at College Park Architect: Graziani + Corazza Building Envelope by Oldcastle BuildingEnvelope® while investment firm Strategic Value Partners agreed to buy Associated Materials in January.Ĭlayton, Dubilier & Rice earlier this month made an offer to buy the outstanding shares of publicly traded Cornerstone Building Brands Inc. To architects, building developers and owners, contractors, and the entire commercial glazing community, we are the leading supplier of products specified to close the building envelope. They include: custom-engineered curtain wall and window wall, architectural windows, storefront systems, doors, skylights and architectural glass. CRH: - Top 5 international building products company - Consistently strong performance since 1970.Three businesses - Construction materials - Value-added building products - Distribution.Internationally traded - Eurotop 300 - Stock traded in Dublin, London & NYSE.The largest national footprint: more manufacturing locations than anyone in the industry. ![]()
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