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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Oldcastle parent nets $2.6 billion in Americas Distribution business sale

Sources: CRH Plc, Dublin; Beacon Roofing Supply Inc., Herndon, Va.; CP staff

CRH is set to shed a sizable slice of its legacy Oldcastle Inc. portfolio, selling its Allied Building Products-anchored Americas Distribution business to Beacon Roofing Supply, North America’s the largest publicly traded wholesale roofing and building materials distributor.

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Oldcastle caps record precast pavement contract for Los Angeles freeway

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Oldcastle Precast’s Fontana, Calif., operation was set to close by this month the Interstate 210/Foothill Freeway Pavement and Slab Replacement Project precast schedule. Over an April 2016–March 2017 window, the producer fabricated 6,500 precast slabs, 12.5-ft. wide x 11.33-ft. long, to replace 9.7 miles of deteriorated, mainline pavement north of Los Angeles.

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CRH ‘development’ activity approaches $9 billion in watershed year

Sources: CRH Plc, Dublin; CP staff

Crunching numbers on deals affecting operations in North America, Europe and Asia, CRH closed 2015 with about $8.8 billion in acquisitions, and divestments netting proceeds near $1 billion. Anchoring the calendar was a $7.2 billion transaction for the lion’s share of cement, concrete and aggregate production assets Lafarge S.A. and Holcim Ltd. sold in conjunction with their July merger.

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Free tutorial primes suppliers, manufacturers on LEED v4

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Continuing education services provider GreenCE, Inc. cites the industry’s first comprehensive LEED v4 specification program for building product and material interests. The new U.S. Green Building Council rating system compels manufacturers and suppliers to submit product and material documentation as part of significant changes surrounding project credits.

 
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Oldcastle parent confirms Lafarge, Holcim asset interest

Sources: CP staff; CRH Plc, Dublin

CRH is among suitors for certain assets Switzerland’s Holcim Ltd. and Paris-based Lafarge SA have bundled for sale, thereby advancing a merger the producers hope to consummate by mid-year. Assets on the table include Holcim Canada Inc. and a host of overseas cement, concrete and aggregate businesses.

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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.

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Oldcastle Architectural’s Crawford transitions to Meadow Burke

Doug Crawford

Doug Crawford has joined Meadow Burke as vice president – Operations & Development. A newly created role, it will see him tasked with leading collaboration between manufacturing and sales functions, plus business development activities, to further strengthen the company’s enterprise operating structure; improve leadership; and, increase the ability to execute strategies driving long-term performance and growth.

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