CRH to Buy Ash Grove in $3.5 Billion Bet on U.S. Cement Growth

In the latest sign of global consolidation among building-materials suppliers, Irish producer CRH Plc agreed to buy family-controlled Ash Grove Cement Co. of the U.S. in a $3.5 billion deal that will reinforce its bet on growth in North America.

CRH will pay shareholders of the Overland Park, Kansas-based cement maker between $449 to $454 per share, according to a statement Wednesday from Ash Grove... Read More