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.
Sources: National Ready Mixed Concrete Association, Alexandria, Va.; CP staff
Concurrent with relocation of their Washington, D.C. area staff to neighboring office suites in northern Virginia, NRMCA and Portland Cement Association have appointed Debra Adlis to the respective roles of executive vice president of Finance and chief financial officer. She arrives as the groups’ top shared-staff member after 20-plus years in CFO roles for the National Association of Real Estate Investment Trusts and a handful of other non-profit organizations.