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CRH makes $1.9B acquisition

By |  June 3, 2022

Logo: CRH

CRH, one of the nation’s largest aggregate producers, made a significant addition to its architectural products business.

CRH agreed to acquire Barrette Outdoor Living in a deal with TorQuest Partners and Caisse de dépôt et placement du Québec. Barrette is a provider of residential fencing and railing solutions.

According to CRH, the deal was struck at a value of $1.9 billion. The company expects the transaction to close in the second half of 2022.

“Barrette is an excellent addition to CRH,” says Albert Manifold, chief executive of CRH. “Our architectural products business has been one of our fastest-growing businesses in recent years, and the acquisition of Barrette complements and enhances our existing offering of sustainable outdoor living solutions in North America. It also demonstrates the continued execution of our integrated solutions strategy to create further value for our customers, our business and our shareholders. We welcome the Barrette team to CRH and look forward to working with them on the next phase of our growth and development.”

CRH says the transaction follows the recent divestment of its building envelope business.

Kevin Yanik

About the Author:

Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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