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Jun 3 2022, 08:55 IST/BST
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.
Jun 3 2022, 08:55 IST/BST