CHR PLC
CRH agrees US$ 3.5 billion acquisition of Ash Grove Cement
CRH plc, the international building materials group, announces that it has reached an agreement to acquire Ash Grove Cement Company (“Ash Grove”), a leading US cement manufacturer headquartered in Overland Park, Kansas, for a total consideration of US$ 3.5 billion. 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 ready-mixed concrete, aggregates and associated logistics assets across the US midwest.
