CRH cleared to acquire Ash Grove Cement

Company receives full regulatory approval for $3.5 billion acquisition of US cement manufacturer

CRH plc have received regulatory approval for the acquisition of Kansas-based Ash Grove Cement Company.

The US Federal Trade Commission has now issued its consent order for the transaction and no further regulatory approvals are outstanding.

On 21 September 2017, CRH announced that they had reached an agreement to acquire Ash Grove Cement Company for a total consideration of US$3.5 billion.

The transaction is expected to close this month (June), although CRH say there can be no assurance regarding the timing of the closing.