Building materials firm CRH has agreed to sell its US-based unit that manufactures glass products to private equity firm KPS Capital Partners for $3.8 billion.
The business being sold makes architectural glass, storefront systems, architectural glazing systems and related hardware for customers mainly in North America.
CRH said the decision to sell its Building Envelope business at what it described as an “attractive” valuation demonstrated its active approach to portfolio management, efficient allocation of capital and the creation of a simpler and more focused group.
Read more: RTE
