PRODUCERS – MAY 2016

Doug

United Kingdom-based clay and concrete building product specialist Ibstock Plc recently appointed Doug Rende as president of Glen-Gery, a leading brick producer in the U.S. Northeast, Mid-Atlantic and Midwest regions. He succeeds Steve Matsick.

Read More

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

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.

Read More