North American Leader in Architectural Hardware, Glass and Glazing Systems


KPS Capital Partners, LP ("KPS") announced today that, through a newly formed 
affiliate, it has signed a definitive agreement to acquire Oldcastle 
BuildingEnvelope Inc. ("OBE" or the "Company") from CRH plc (LSE: CRH) for 
approximately $3.45 billion in cash. Completion of the transaction is expected 
in mid-2022 and is subject to customary closing conditions and approvals.


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OBE is North America's leading vertically-integrated manufacturer, fabricator 
and distributor of architectural hardware, glass and glazing systems. 
Headquartered in Dallas, Texas, OBE is a world-class building products company 
with significant presence in every major metropolitan statistical area in the 
United States and Canada. The Company manufactures high-performance 
architectural glass products and aluminum framing systems and, through its 
subsidiary C.R. Laurence, distributes complementary branded hardware and 
glazing supplies. OBE delivers products to a broad customer base of architects, 
glaziers, contractors and developers serving diversified residential and 
commercial construction end-markets. The Company has over 6,700 employees and 
operates 84 manufacturing and distribution facilities in five countries.


Raquel Vargas Palmer, Co-Managing Partner of KPS, said, "We are thrilled to 
acquire North America's largest provider of architectural hardware, glass and 
glazing systems. OBE is the only 'one-stop shop' for every critical product a 
glazing industry customer needs, and the Company serves attractive, growing 
end-markets. We intend to drive profitable growth by providing the Company with 
the financial resources to invest in commercial and operational excellence. We 
will leverage KPS' decades of manufacturing expertise to create an 
entrepreneurial culture centered on innovation, continuous improvement and 
excellent customer experience. OBE has demonstrated a strong ability to 
integrate synergistic acquisitions over the past several decades and we will 
provide strategic support and capital in pursuit of future growth 
opportunities. We look forward to partnering with OBE's talented employees and 
management team under the leadership of President and Chief Executive Officer 
Liz Haggerty to accelerate the Company's value creation opportunities."


Liz Haggerty said, "The entire OBE management team looks forward to partnering 
with KPS as the Company begins its journey as an independent company. KPS has 
an exemplary track record of investing in and improving manufacturing 
businesses, and we are exceedingly confident that they are the right partner to 
help us execute on our strategic plan. We will continue to build on our 
industry-leading reputation for quality, reliability and product innovation. 
KPS' experience with manufacturing businesses and the significant capital 
resources available will allow us to invest in our commercial and operational 
growth strategy. We intend to expand our capabilities as a customer-oriented 
solutions provider in architectural hardware, glass and glazing markets. We are 
very excited about OBE's future opportunities and we have found a great partner 
in KPS to capture them."


BofA Securities and J.P. Morgan Securities LLC acted as financial advisors to 
CRH plc. Citi acted as financial advisor and Paul, Weiss, Rifkind, Wharton & 
Garrison LLP served as legal counsel to KPS and its affiliates.


About Oldcastle BuildingEnvelope
OBE is North America's leading vertically-integrated manufacturer, fabricator 
and distributor of architectural hardware, glass and glazing systems. 
Headquartered in Dallas, Texas, OBE is a world-class building products company 
with significant presence in every major metropolitan statistical area in the 
United States and Canada. The Company manufactures high-performance 
architectural glass products and aluminum framing systems and, through its 
subsidiary C.R. Laurence, distributes complementary branded hardware and 
glazing supplies. OBE delivers products to a broad customer base of architects, 
glaziers, contractors and developers serving diversified residential and 
commercial construction end-markets.  The Company has over 6,700 employees and 
operates 84 manufacturing and distribution facilities in five countries. For 
more information on Oldcastle BuildingEnvelope, visit www.obe.com.


About CRH
CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the leading building materials business 
in the world, employing approximately 77,400 people at around 3,200 operating 
locations in 28 countries. It is the largest building materials business in 
North America and Europe and also has regional positions in Asia. CRH 
manufactures and supplies a range of integrated building materials, products 
and innovative solutions which can be found throughout the built environment, 
from major public infrastructure projects to commercial buildings and 
residential structures. A Fortune 500 company, CRH is a constituent member of 
the FTSE 100 Index, the EURO STOXX 50 Index, the ISEQ 20 and the Dow Jones 
Sustainability Index (DJSI) Europe. CRH's American Depositary Shares are listed 
on the NYSE. For more information visit www.crh.com.


About KPS Capital Partners, LP
KPS, through its affiliated management entities, is the manager of the KPS 
Special Situations Funds, a family of investment funds with approximately $13.1 
billion of assets under management (as of December 31, 2021). For nearly three 
decades, the Partners of KPS have worked exclusively to realize significant 
capital appreciation by making controlling equity investments in manufacturing 
and industrial companies across a diverse array of industries, including basic 
materials, branded consumer, healthcare and luxury products, automotive parts, 
capital equipment and general manufacturing. KPS creates value for its 
investors by working constructively with talented management teams to make 
businesses better, and generates investment returns by structurally improving 
the strategic position, competitiveness and profitability of its portfolio 
companies, rather than primarily relying on financial leverage. The KPS Funds' 
portfolio companies currently generate aggregate annual revenues of 
approximately $15.2 billion, operate 165 manufacturing facilities in 26 
countries, and have approximately 43,000 employees, directly and through joint 
ventures worldwide (as of December 31, 2021, pro forma for recent acquisitions 
and exits). The KPS investment strategy and portfolio companies are described 
in detail at www.kpsfund.com.

SOURCE KPS Capital Partners, LP

CONTACT: Business Inquiries: KPS +1 (212) 338-5100; Media Relations: Trevor 
Gibbons or Jennifer Prosek, +1 (646) 818-9238 or pro-KPS@prosek.com