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Ash Grove a sure bet for CRH model of “extracting the benefits of scale”

The ink had dried on September’s column, “Oldcastle-style capital reallocation,” by the time 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.

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Oldcastle-style capital reallocation

Dublin-based CRH Plc entered the U.S. nearly 40 years ago, a deal for Idaho’s Amcor Precast seeding a broad, deep portfolio under the Oldcastle Inc. banner. Now designated Americas Products and Americas Materials in the CRH group, the Oldcastle Architectural, Materials and Precast businesses have long since grown to command top or top five U.S. market positions in block & paver, packaged dry mix and raw materials, ready mixed concrete, aggregates, and drainage- or utility-centered precast products and structures.

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