Crh agrees $1.9bn acquisition of barrette

Dublin, ireland / accesswire / june 3, 2022 / crh plc, the global leader in building materials solutions, announces that it has reached an agreement with torquest partners and caisse de dÉpÔt et placement du quÉbec (cdpq) to acquire barrette outdoor living, inc. ("barrette"), north america's leading provider of residential fencing and railing solutions for an enterprise value of $1.9 billion1, representing an acquisition multiple of c.10x ebitda pre-synergies. the transaction follows the recent divestment of crh's building envelope business and demonstrates the continued execution of the group's strategy to create shareholder value through active portfolio management and the efficient allocation and reallocation of capital.
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