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 [email protected]<mailto:[email protected]>; @IanWalk40289749