CRH finalises acquisition of Ash Grove Cement

CRH finalises acquisition of Ash Grove Cement

Ireland’s CRH plc said it has reached an agreement to acquire Ash Grove Cement Company, a leading U.S. cement manufacturer headquartered in Overland Park, Kansas, for a total consideration of US$3.5 billion.

The U.S. Federal Trade Commission has now issued its consent order for this transaction and no further regulatory approvals are outstanding.

The transaction is expected to close in June 2018, though there can be no assurance regarding the timing of closing.