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CRH Said to Plan $3 Billion Oldcastle Building Envelope Sale

  • Dublin-based firm working with advisers on unit divestment
  • U.S.-based business division specializes in glass cladding
Oldcastle Building Envelope makes glass building products.

Oldcastle Building Envelope makes glass building products.

Source: CRH Plc

Updated on

CRH Plc, the world’s second-biggest building material maker by market value, is planning a sale of its Oldcastle Building Envelope unit that could fetch more than $3 billion, people with knowledge of the matter said.

The Irish company is working with advisers and recently started reaching out to potential buyers, said the people, who asked not to be identified discussing confidential information. The U.S.-based unit is likely to attract interest from private equity firms, according to the people.