Blueprint
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, DC
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A - 16 OR 15D - 16 OF
THE SECURITIES EXCHANGE ACT OF 1934
21
September 2017
Commission
File No. 001-32846
____________________________
CRH
public limited company
(Translation of registrant's name into English)
____________________________
Belgard Castle, Clondalkin,
Dublin 22, Ireland.
(Address of principal executive offices)
____________________________
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F:
Form
20-F X Form
40-F___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by
Regulation
S-T Rule 101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by
Regulation
S-T Rule 101(b)(7):________
“This report
on Form 6-K is deemed to be filed and incorporated by reference the
in Registration Statements on Form S−8 (Nos. 333-202772,
333-6040, 333-173246, 333−165870, 333-90808, 333-10430,
333-13308 and 333-103656) of CRH plc, and to be part thereof from
the date on which this report has been furnished, to the extent not
superseded by documents or reports subsequently filed or
furnished.”
This document contains inside information
Press Release
CRH
agrees US$3.5bn acquisition of Ash Grove Cement
21
September 2017
CRH
plc, the international building materials group, announces that it
has reached an agreement to acquire Ash Grove Cement Company ("Ash
Grove"), a leading US cement manufacturer headquartered in Overland
Park, Kansas, for a total consideration of US$3.5 billion. The
proposed transaction is subject to Ash Grove shareholder and
regulatory approvals and will be financed through existing
financial resources. The transaction is expected to close around
year end 2017.
Ash
Grove operates eight cement plants across eight US states, combined
with extensive readymixed concrete, aggregates and associated
logistics assets across the US midwest.
For the
year ended 31 December 2016, Ash Grove reported profit before tax
of US$215 million and gross assets of US$2.5 billion1.
Albert
Manifold, Chief Executive of CRH, commented: "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.
We welcome the Ash Grove team to CRH and look forward to further
developing our longstanding relationship as part of one
company."
Charlie
Sunderland, Chairman of the Board of Ash Grove, added: "CRH, as our largest customer, has enjoyed a
close and highly productive relationship with Ash Grove for many
decades. The Board of Directors believes that CRH will be able to
bring Ash Grove on the next phase of its development after 135
years in operation and over a century under the stewardship of the
Sunderland family".
****
For further information contact CRH plc at +353 1 404
1000
Albert
Manifold
|
Chief
Executive
|
Senan
Murphy
|
Finance
Director
|
Frank
Heisterkamp
|
Head of
Investor Relations
|
This document contains inside information and has been issued
pursuant to Article 2.1(b) of Commission Implementing Regulation
(EU) 2016/1055. The date and time of this statement is the same as
the date and time that it has been communicated to the
media.
1 Based on audited financial statements as of 31 December
2016. Ash Grove intends to make a special dividend of excess cash
and certain investments prior to closing.
About CRH
CRH
(LSE: CRH, ISE: CRG, NYSE: CRH) is a leading global diversified
building materials group, employing c.87,000 people at c.3,800
operating locations in 31 countries worldwide. With a market
capitalisation of c.€25 billion (September 2017), CRH is the
largest building materials company in North America and the second
largest worldwide. The Group has leadership positions in Europe as
well as established strategic positions in the emerging economic
regions of Asia and South America. CRH is committed to improving
the built environment through the delivery of superior materials
and products for the construction and maintenance of
infrastructure, housing and commercial projects. A Fortune 500
company, CRH is a constituent member of the FTSE 100 index, the
EURO STOXX 50 index, the ISEQ 20 and the Dow Jones Sustainability
Index (DJSI) Europe. CRH's American Depositary Shares are listed on
the NYSE. For more information visit www.crh.com
About Ash Grove
Ash
Grove is a leader and pioneer in the cement industry. For 135
years, Ash Grove has provided portland and masonry cements to
construct highways, bridges, commercial and industrial complexes,
single- and multi-family homes, and other important structures
fundamental to America's economic vitality and quality of life. In
2016, Ash Grove shipped 8.2 million tons of cement from eight
cement plants and two deep-water import terminals located
throughout the midwest, Texas and western United States. In
addition to cement manufacturing facilities, the company operates
52 readymixed concrete plants, 25 sand and gravel plants, 20
limestone quarries and nine packaged products plants. Learn more at
www.ashgrove.com
Ireland Media Contact
Drury |
Porter Novelli
Tel:
+353 1 260 5000
UK & International Media Contact
Powerscourt
Tel:
+44 207 250 1446
email:
crh@powerscourt-group.com
Registered
Office: No 12965. Registered Office: 42 Fitzwilliam Square, Dublin
2, R02 R279, Ireland
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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CRH public limited company
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(Registrant)
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Date 21
September 2017
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By:___/s/Neil
Colgan___
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N.Colgan
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Company Secretary
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