CRH names Bank of Ireland veteran as Chairman Hartery successor

Sources: CRH Plc, Dublin; CP staff

Nicky Hartery, chairman of the CRH Americas and Oldcastle parent company, will retire at the end of December after eight years in the post and with recognition from Chief Executive Albert Manifold for “significant contributions, including stewardship following the financial crisis and overseeing the reshaping of [our] portfolio and ongoing business improvement initiatives.”

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CRH reloads acquisition chest with $1.9 billion Distribution deal

Sources: CRH Plc, Dublin; CP staff

Two years after dispatching its Americas Distribution business in a $2.6 billion deal with Beacon Roofing Supply, CRH has penned an agreement to sell a parallel European franchise to private equity and asset management giant Blackstone for $1.9 billion. The Europe Distribution spans General Builders Merchants, which supplies bath, heating and plumbing products to professionals and homeowners through a network of local and regional brands across six countries in Western Europe. 

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With Ash Grove in the books, CRH holds commanding cement stake

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CRH Americas closed a $3.5 billion acquisition of Ash Grove Cement Co. late last month days after announcing a settlement to resolve Federal Trade Commission charges that the deal violated antitrust law. Terms called for the Oldcastle Inc. parent company to sell a Three Forks, Mont., cement plant and quarry to GCC Americas; three Omaha, Neb., area sand & gravel sites to Martin Marietta Materials; plus, three quarries and two asphalt plants near Kansas City to Summit Materials. The settlement also contains two three-year provisions: It grants GCC an option to use two Three Forks-fed CRH terminals in Alberta; and, holds that CRH, at GCC’s option, will purchase cement from the mill for distribution in Canada.

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CRH names Americas Products’ Haas as Building Products charter chief

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Effective January 2019, Oldcastle Inc. parent CRH Plc will consolidate its Americas Products franchises—Oldcastle Architectural, BuildingEnvelope, Precast—plus Europe Lightside and Distribution businesses in a new global Building Products division. Americas Products President Keith Haas will lead the business, operating alongside Americas and Europe Materials divisions. Europe Lightside and Distribution President David Dillon will shift to Global Strategy & Business Development, maintaining his title and reporting to CRH CEO Albert Manifold.

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CRH Americas Products chief Haas to lead new Building Products division

Sources: CRH Plc, Dublin; CP staff

Oldcastle Inc. parent CRH will consolidate its Americas Products franchises—Oldcastle Architectural, BuildingEnvelope, Precast—plus Europe Lightside and Distribution businesses in a new global Building Products division, effective January 2019. Americas Products President Keith Haas will lead the business, operating alongside Americas and Europe Materials divisions. Europe Lightside and Distribution President David Dillon will shift to Global Strategy & Business Development, maintaining his title and reporting to CRH CEO Albert Manifold. 

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CRH chief measures company’s unique leverage in sustainability movement

Sources: CRH Plc, Dublin; CP staff

“With global population expected to reach 9.8 billion by 2050, the way people interact with buildings, infrastructure and cities will change. CRH is leading the way through innovation to help shape the structures of the future, in collaboration with our valued customers and partners,” notes Albert Manifold, chief executive of the Oldcastle Inc. parent company in “Creating a Sustainable Built Environment – CRH Sustainability Report 2017.”

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BASF, CRH sign on to global, circular economy initiative

Sources: World Business Council for Sustainable Development, Geneva; CP staff

BASF AG and CRH Plc are among 30 companies joining the World Business Council for Sustainable Development’s Factor10. The initiative seeks to advance principles of the circular economy, where the “take-make-dispose” economic model yields to one that is regenerative by design. Charter companies span 16 major sectors and report combined annual sales of $1.3 trillion.

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Ash Grove shareholders clear path for CRH acquisition

Sources: Ash Grove Cement Co., Overland Park, Kan.; CRH Plc, Dublin; CP staff

Shareholders controlling just over 63 percent of Ash Grove Cement voting stock have approved a $3.5 billion merger agreement with Oldcastle Inc. parent company CRH. The deal is projected for a late-2017 or early-2018 closing and will position Atlanta-based Oldcastle Materials as the number five U.S. portland cement producer, with 8 million-plus tons’ annual capacity, while strengthening its role among the top five aggregates and ready mixed concrete operators.

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Ash Grove deal lifts CRH/Oldcastle to its latest plateau

Sources: CRH Plc, Dublin; CP staff

In nearly 40 years of North American market development, CRH has announced the boldest move yet for its Oldcastle Inc. enterprise: a $3.5 billion acquisition of Ash Grove Cement Co., Overland Park, Kan. Projected to close later this year, the deal brings integrated or stand-alone sites from the Great Plains to the Pacific Northwest: eight cement, 52 ready mixed concrete and nine packaged dry mix plants, along with 20 limestone quarries and 23 sand & gravel operations.

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