Announced
Completed
Financials
Tags
Friendly
Household Equipment and Products
fence products
railing products
United States
Acquisition
Majority
Single Bidder
Private Equity
Cross Border
Private
Completed
Synopsis
CRH, an international group of diversified building materials businesses, completed the acquisition of Barrette Outdoor Living, a manufacturer of wood-alternative fence and railing products, from private equity firms Caisse de depot et placement du Quebec and TorQuest Partners for $1.9bn. "Barrette is an excellent addition to CRH. Our Architectural Products business has been one of our fastest growing businesses in recent years and the acquisition of Barrette complements and enhances our existing offering of sustainable outdoor living solutions in North America. It also demonstrates the continued execution of our integrated solutions strategy to create further value for our customers, our business and our shareholders. We welcome the Barrette team to CRH and look forward to working with them on the next phase of our growth and development," Albert Manifold, CRH CEO.
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