Report Suggests CRH Plans to Sell OBE

Dublin-based CRH Plc, parent company of Oldcastle Building Envelope® (OBE) is planning a sale of the unit that could be valued at more than $3 billion, according to a report from Bloomberg. The report notes that CRH is working with advisers and “recently started reaching out to potential buyers, said the people, who asked not to be identified discussing confidential information.”

According to the report, “Oldcastle Building Envelope generates around $300 million in annual earnings before interest, taxes, depreciation, and amortization, the people said.”

This story is developing. At press time, officials had not responded to USGNN™’s request for comment.

This article is from USGNN™, the daily e-newsletter that covers the latest glass industry news. Click HERE to sign up—there is no charge. Interested in a deeper dive? Free subscriptions to USGlass magazine in print or digital format are available. Subscribe at no charge Sign up today.

This entry was posted in Featured News, News, Today's News and tagged , . Bookmark the permalink.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.