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CRH agrees $3.5 billion acquisition of Ash Grove Cement

Staff 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.
Ash Grove Cement
Acquisition   Eight cement plants
The proposed transaction is subject to Ash Grove shareholder and regulatory approvals and will be financed through existing financial resources. The transaction is expected to close around year end 2017.

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.