CRH to Buy Ash Grove Cement for $3.5 Billion
September 21 2017 - 2:03AM
Dow Jones News
By Ian Walker
Irish building-materials company CRH PLC (CRG.DB) said Thursday
it is buying U.S. cement manufacturer Ash Grove Cement Co. (ASHG)
for $3.5 billion, financed through existing resources.
Ash Grove, based in Overland Park, Kansas, operates eight cement
plants across eight U.S. states, combined with extensive
ready-mixed concrete, aggregates and associated logistics assets in
the U.S. midwest.
CRH said it expects the deal to close around the end of this
year.
Write to Ian Walker at
ian.walker@wsj.com<mailto:ian.walker@wsj.com>;
@IanWalk40289749
(END) Dow Jones Newswires
September 21, 2017 02:48 ET (06:48 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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