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 MoreSources: 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.
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