CRH to Buy Ash Grove Cement for $3.5 Billion

By Ian Walker Features Dow Jones Newswires

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.

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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 ; @IanWalk40289749

(END) Dow Jones Newswires

September 21, 2017 02:48 ET (06:48 GMT)