CRH agrees to sell part of US business for €3.4bn

CRH's envelope business includes CRH’s architectural glass, storefront systems, architectural glazing systems and related hardware interests.

CRH chief executive Albert Manifold.

CRH is set to sell part of its North American business for $3.8bn (€3.4bn).

The Irish building materials giant — the largest player in North America — has reached an agreement to sell its so-called building envelope business to US private equity firm KPS Capital Partners in a predominantly cash deal.