黑洞社区

Ireland-based materials giant CRH has followed up its acquisition of Lafarge Tarmac with another major takeover - this time of US-based construction products group CR Laurence for $1.3bn (拢838m).

CR Laurence (CRL) employs 1,600 employees across 42 locations and specialises in the manufacture and distribution of glazing products.

Earlier this month CRH completed the 拢4.9bn acquisition of a number of global assets from the newly-merged LafargeHolcim business, including Tarmac in the UK.

CRL鈥檚 forecast sales are expected to be $570m (拢370m) for 2015, CRH said. The firm has been purchased debt-free and CRL鈥檚 senior management team will form part of CRH鈥檚 building envelope division.

CRH chief executive Albert Maniford said: 鈥淐RL is a business with strong growth characteristics and an excellent operational fit with our 黑洞社区 Envelope business in the United States and represents an exciting opportunity for CRH.

鈥淚n addition to increasing our exposure to the growing non-residential and residential construction markets in the United States, CRL鈥檚 strong brand, focus on innovation and growing presence in Europe and Australia, combined with CRH鈥檚 international reach, provide the potential for this high-growth business to become a global leader.鈥�