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CRH Receives Regulatory Approval For $3.5 Billion Acquisition

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CRH Receives Regulatory Approval For $3.5 Billion Acquisition

CRH Receives Regulatory Approval For $3.5 Billion Acquisition
June 18
09:04 2018

CRH plc has received regulatory approval for its proposed $3.5 billion acquisition of Ash Grove Cement Company, from the US Federal Trade Commission. Ashe Grove is a leading US cement manufacturer headquartered in Overland Park, Kansas.

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. For the year ended 31 December 2016, Ash Grove reported profit before tax of $215 million and gross assets of $2.5 billion.

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