Acquisition closed

CRH acquires MoistureShield (2017)

CRH completed the acquisition of MoistureShield on 1 May 2017 for $117 million.^[1][2]

Oldcastle Architectural, Inc. (part of CRH’s Oldcastle APG business) agreed on 16 March 2017 to acquire Advanced Environmental Recycling Technologies, Inc. (AERT), a Nasdaq-listed maker of composite decking, in an all-cash merger at an enterprise value of $117 million as stated in AERT’s SEC information statement; the cash paid to holders was calculated by subtracting AERT’s net debt and transaction expenses from that figure, working out to $0.135936 per common share and $2,603.483278 per preferred share. A merger subsidiary of Oldcastle Architectural merged into AERT on 1 May 2017, making AERT a wholly owned subsidiary of Oldcastle Architectural, per AERT’s Form 8-K filed that day. This is the actual acquisition behind the brand: two years later, in May 2019, Oldcastle APG renamed the acquired composite-decking business from AERT to MoistureShield, which was a rebranding rather than a separate transaction and is not recorded as its own deal. Oldcastle APG is a CRH operating business rather than a separate legal entity in this dataset, so the buyer is recorded as CRH.