European conglomerate CRH, parent company of Oldcastle and MoistureShield, has agreed to buy Barrette Outdoor Living for $1.9 billion.
Ohio-based Barrette, a provider of residential fencing and railing solutions, has 14 locations across North America and is sold through retailers, home centers and lumberyards. Last year, Barrette reported profit before tax of $79 million and gross assets of $1.2 billion.
This follows CRH’s sale earlier this year of Oldcastle BuildingEnvelope unit to KPS Capital Partners.
The transaction will be financed through existing financial resources and is subject to regulatory approval. The deal is expected to close in the second half of 2022.