$1.9bn Barrette acquisition to significantly enhance outdoor living solutions offering

  • Sectors : Building Materials
  • Companies : CRH

Ratings and price correct at time of issue.

  • CRH

    Closing Price: 4127c

  • RATING 23/05/12

  • PREVIOUS RATING 12/01/12



The acquisition of Barrette for $1.9bn will significantly enhance CRH’s growing Architectural Products business within the outdoor solutions space. The 10x EBITDA multiple – with scope to fall below 8x post-synergies – demonstrates both the group’s ability to recycle capital to optimise value creation (consider the recent sale of its Building Envelope business at 10.5x) and its M&A discipline. Thematically, the group is executing on the integrated solutions-led strategy communicated at its recent Investor Update.

Download full report with analyst certification and important disclosures

Jun 3 2022, 08:55 IST/BST