Skip to main content

CRH PLC confirms the acquisition of Ash Grove Cement Company

Published by
World Cement,

CRH PLC have received US Federal Trade Commission authorisation for the acquisition of the Ash Grove Cement Company.

CRH PLC confirms the acquisition of Ash Grove Cement Company

Ash Grove Cement Company today announced that its previously reported Agreement and Plan of Merger with CRH plc, under which CRH plc will acquire Ash Grove, has received clearance from the US Federal Trade Commission. All regulatory approvals required to close the merger have been obtained.

Under the terms of the merger agreement, Ash Grove stockholders will be entitled to receive a cash merger consideration comprised of a pro rata share (based on the number of shares of stock outstanding) of a US$3.5 billion enterprise value, minus adjustments for certain non-controlling interests and debt-like items and certain other liabilities, and further adjusted to the extent net working capital and cash on hand at closing vary from certain thresholds.

It is expected that approximately 98% of the merger consideration will be paid at the time of closing based on estimated information, and an additional amount, if any, will be paid following completion of a post-closing adjustment process intended to enclose the estimates to actual amounts as of the closing date.

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

Read the article online at:

You might also like


Optimisation 2020

Optimisation 2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »



World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

US cement news Cement news 2018