FTSE 100 building materials group CRH has appointed advisers to help sell one of its clay building products division in a £500 million process expected to attract interest from private equity bidders.

CRH, an Irish construction company, which is also a Fortune 500 company, has hired investment bank JP Morgan to help sell its clay building products division, in a process expected to fetch £500 million for the group, according to two people familiar with the process.