Construction News

Mon April 19 2021

Related Information

CRH buys CRL for $1.3bn

27 Aug 15 CRH has agreed to buy US glazing products manufacturer CR Laurence (CRL) for a total price of US$1.3bn (£807m).

CRL provides products for the glazing industry
CRL provides products for the glazing industry

CRL, which is based in Los Angeles, manufactures and distributes custom hardware and installation products for the professional glazing industry. The company designs, engineers and manufactures a range of components required to complete the installation of architectural glass in both commercial and residential applications.

It employs more than 1,600 employees at 42 locations, serving all of the US and Canada as well as having a footprint in western Europe and Australia.

The company generated profits before tax of US$51m and had gross assets of US$290m last year.

Its products include architectural and shower door hardware, glass installation tools and supplies, and aluminium storefront and door systems.

CRH already has a business supplying integrated building envelope products - architectural glass, aluminium glazing systems - to the commercial glazing industry in North America. The BuildingEnvelope operates from 48 locations in North America and has about 4,500 employees.

“With its large customer base of professional glaziers and glass shops, broad product offering, product development expertise and strong customer focus, CRL is an exceptional strategic fit with BuildingEnvelope,” said CRH. “The combination of the two businesses will create a broad and complementary product offering to a common customer base, which offers significant synergies in supply chain integration, fixed costs, and market expansion through cross-selling.”

CRL’s senior management team will continue to lead the business, reporting directly to the chief executive of BuildingEnvelope as part of CRH’s Americas Products Division.

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view more construction news »