Source: CRH Plc, Dublin
Flanked by Ireland and CRH Americas Atlanta headquarters colleagues, CRH Plc Chief Executive Albert Manifold opened New York Stock Exchange trading for September 25. Ringing the venue’s Opening Bell, he capped a shift of the producer’s primary listing from London Stock Exchange, where it will retain a standard listing. In a statement, CRH reiterated from earlier this year its rationale for the Wall Street move: “We believe a U.S. primary listing will bring increased commercial, operational and acquisition opportunities for our business, further accelerating our successful integrated solutions strategy and delivering even higher levels of profitability, returns and cash for our shareholders.”
“Today marks an important milestone in CRH’s development which will enable us to fully participate in the significant growth opportunities that lie ahead for our business,” said Manifold, acknowledging how CRH Americas Materials Solutions and Products businesses have grown to represent about 75 percent of CRH Plc EBITDA, with U.S. operations poised to be key drivers of Group growth.