# CRH to acquire Ash Grove Cement for US$3.5 billion

CRH plc agreed to acquire Ash Grove Cement Company, a US cement manufacturer, for US$3.5 billion. The transaction is subject to shareholder and regulatory approvals and is expected to close around year-end 2017.

- Type: Acquisition
- Announced: 2017-09-21
- Where: U.S. midwest, United States
- Value: $3.50B
- Status: announced
- Products: cement, ready-mixed concrete, aggregates
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [CRH](https://endata.com/companies/15142.md) (acquirer)
- [Ash Grove Cement](https://endata.com/companies/26641.md) (target)
- [Suwannee American Cement](https://endata.com/companies/27284.md) (target)
- [Anderson Columbia](https://endata.com/companies/27285.md) (partner)
- [Prestige Concrete Products, Inc.](https://endata.com/companies/28072.md) (target)
- [A. Mining Group, LLC](https://endata.com/companies/28073.md) (target)
- [Votorantim Cimentos North America, Inc.](https://endata.com/companies/28074.md) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/09/21/1292866/0/en/CRH-agrees-US-3-5bn-acquisition-of-Ash-Grove-Cement.html), 2017-09-21: "CRH plc, the international building materials group, announces that it has reached an agreement to acquire Ash Grove Cement Company for a total consideration of US$3.5 billion."
- [reuters.com](https://www.reuters.com/article/business/crh-reinforces-us-grip-with-35-billion-ash-grove-cement-deal-idUSKCN1BW0AP/), 2017-09-21: "Irish building materials firm CRH is to buy U.S. cement maker Ash Grove Cement Co for $3.5 billion"
- [pitandquarry.com](https://www.pitandquarry.com/crh-buying-ash-grove-for-3-5-billion/), 2017-09-21: "Ash Grove is an excellent addition to CRH's portfolio of businesses across North America as we seek to deploy our capital into high-quality businesses that enhance our global asset base and provide opportunities to create shareholder value."
- [pitandquarry.com](https://www.pitandquarry.com/done-deal-crh-cements-acquisition-of-ash-grove/), 2017-10-21: "Ash Grove Cement shareholders approved the merger agreement the company struck in recent weeks with CRH, parent company of Oldcastle Materials, which bid $3.5 billion for the Kansas-based cement maker."
- [irishtimes.com](https://www.irishtimes.com/business/construction/crh-to-proceed-with-3-5bn-acquisition-of-us-cement-maker-ash-grove-1.3265494), 2017-10-23: "The deal is strategically important, reducing the group's dependence on third-party producers."
- [concreteproducts.com](https://concreteproducts.com/index.php/2017/10/23/ash-grove-shareholders-clear-path-for-crh-acquisition/), 2017-10-23: "Shareholders controlling just over 63 percent of Ash Grove Cement voting stock have approved a $3.5 billion merger agreement with Oldcastle Inc. parent company CRH."
- [concreteproducts.com](https://concreteproducts.com/index.php/2017/11/01/ash-grove-a-sure-bet-for-crh-model-of-extracting-the-benefits-of-scale/), 2017-11-01: "CRH Plc announced the boldest move in almost four decades centered on Oldcastle Inc., its North American business: A $3.5 billion acquisition of Kansas-based Ash Grove Cement Co., scheduled to close by year end."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/CRH-PLC-1412364/news/CRH-plc-entered-into-an-agreement-to-acquire-Suwannee-American-Cement-LLC-Prestige-Concrete-Product-34904093/), 2017-11-12: "CRH plc entered into an agreement to acquire Suwannee American Cement LLC, Prestige Concrete Products, Inc. and A. Mining Group, LLC from Votorantim Cimentos North America, Inc. and Anderson Columbia Co., Inc. on October 1, 2017."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.