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Oldcastle parent sheds long-held Glen-Gery, sister clay brick brands

Sources: CRH Plc, Dublin; Bain Capital LLC, Boston; CP staff

CRH will sell its Ibstock and Glen-Gery businesses in the United Kingdom and United States, respectively, in a $640 million deal with funds managed by Bain Capital Europe LLP. Projected to close during the first half of 2015, the transaction includes assumption of certain debt and pension liabilities resulting in net cash value to CRH of approximately $457 million.

Read more: Oldcastle parent sheds long-held Glen-Gery, sister clay brick brands

ASTM publishes Product Category Rules for Concrete Masonry Products

Sources: ASTM International, West Conshohocken, Pa.; National Concrete Masonry Association, Herndon, Va.; CP staff

An NCMA-led team of producers and allied interests has finalized “Product Category Rules for Preparing an Environmental Product Declaration for Manufactured Concrete and Concrete Masonry Products.” The 21-page document presents baseline data for life cycle assessments producers detail in Environmental Product Declarations.

Read more: ASTM publishes Product Category Rules for Concrete Masonry Products

Private equity deal preempts Hanson Building Products initial public offering

Sources: Heidelberg Cement AG, Germany; CP staff

Germany’s HeidelbergCement projects a first quarter 2015 closing on the $1.4 billion sale of Hanson Building Products operations in the U.S., Eastern Canada and United Kingdom to an affiliate of Lone Star Funds, a real estate investment-centered private equity firm with Dallas, New York and Frankfurt offices. A definitive agreement on the transaction, announced just before Christmas, supersedes a Hanson Building Products Ltd. public offering HeidelbergCement had outlined three months prior in a U.S. Securities & Exchange Commission filing.

Read more: Private equity deal preempts Hanson Building Products initial public offering