CRH Plc – Page 2 – Concrete Products

Oldcastle chief Towe to transition to new CRH Americas post

October 12, 2015 Concrete News

Source: CRH Plc, Dublin

Oldcastle Inc. President and CEO Mark Towe will assume a new role in January, CRH Americas chairman, working with CRH Chief Executive Albert Manifold to support performance and excellence programs across the group, and continuing as an executive director. Towe joined Atlanta-based Oldcastle in 1997, and advanced in the Materials hierarchy with appointment as president in 2000 and chief executive officer in 2006. Two years later, he was elevated to his current position and attendant CRH board post.

Oldcastle Parent, Summit Materials Close on Overseas, North American Asset

August 10, 2015 Concrete News

In less than four weeks after its creation, LafargeHolcim Ltd. executed major asset sales per agreements with regulators in North America and overseas markets.

Oldcastle parent consummates $7 billion Holcim (Canada), companion asset deal

August 3, 2015 Concrete News

Sources: CRH Plc, Dublin; CP staff

CRH has closed on a portfolio of Lafarge S.A. and Holcim Ltd. cement, concrete and aggregate production assets in 10 countries across the Americas and Europe. At a $7.2 billion enterprise value, the transaction is among the largest to date involving publicly traded, global heavy building materials companies—trailing Cemex-Rinker and HeidelbergCement-Hanson ($15 billion–$16 billion; 2007) and Lafarge-Orascom ($12 billion, 2008).

CRH to weigh new financial, business models in LafargeHolcim wake

May 5, 2015 Concrete News

Sources: CRH Plc, Dublin; CP staff

CRH Group Finance Director Maeve Carton will shift to a new assignment in January 2016: Identifying and implementing the optimum financial and business model for the future. Her appointment as group transformation director marks a rare increase in executive headcount for the Oldcastle Inc. parent, which through decades of global growth has confined its headquarters to the historic Belgard Castle near Dublin.

Oldcastle parent prevails in $7 billion Lafarge, Holcim asset pursuit

February 26, 2015 Concrete News

In an early-February U.S. Securities and Exchange Commission filing, CRH Plc confirmed a binding commitment to acquire certain assets Switzerland’s Holcim Ltd. and Paris-based Lafarge SA had bundled for sale, thereby advancing a merger the producers hope to consummate by mid-year. The commitment centers on a transaction with an enterprise value of about $7.4 billion, and encompasses Holcim Canada Inc. plus a host of overseas cement, concrete and aggregate businesses.

Oldcastle parent confirms Lafarge, Holcim asset interest

January 26, 2015 Concrete News

Sources: CP staff; CRH Plc, Dublin

CRH is among suitors for certain assets Switzerland’s Holcim Ltd. and Paris-based Lafarge SA have bundled for sale, thereby advancing a merger the producers hope to consummate by mid-year. Assets on the table include Holcim Canada Inc. and a host of overseas cement, concrete and aggregate businesses.

Oldcastle parent sheds long-held Glen-Gery, sister clay brick brands

December 30, 2014 Concrete News

Sources: CRH Plc, Dublin; Bain Capital LLC, Boston; CP staff

CRH will sell its Ibstock and Glen-Gery businesses in the United Kingdom and United States, respectively, in a $640 million deal with funds managed by Bain Capital Europe LLP. Projected to close during the first half of 2015, the transaction includes assumption of certain debt and pension liabilities resulting in net cash value to CRH of approximately $457 million.

Custom-Crete delivers U.S. Concrete wider Texas footprint, volumetric fleet

October 22, 2014 Concrete News

Sources: U.S. Concrete, Inc., Euless, Texas; CP staff

Through Texas subsidiary Redi-Mix LLC, U.S. Concrete has acquired the assets of Custom-Crete—61 volumetric mixers and 11 concrete plants serving Austin, Dallas/Fort Worth, Houston and San Antonio markets—from Oldcastle Architectural Inc. The mid-October transaction marks a rare U.S. asset disposal for Oldcastle parent, CRH Plc.