CRH agrees $3.5 billion acquisition of Ash Grove CementStaff Writer | September 21, 2017
CRH announced that it has reached an agreement to acquire Ash Grove Cement Company, a U.S. cement manufacturer headquartered in Overland Park, Kansas, for a total consideration of $3.5 billion.
Acquisition Eight cement plants
Ash Grove operates eight cement plants across eight US states, combined with extensive readymixed concrete, aggregates and associated logistics assets across the US midwest.
For the year ended 31 December 2016, Ash Grove reported profit before tax of $215 million and gross assets of $2.5 billion. ■