BASF, CRH sign on to global, circular economy initiative

Sources: World Business Council for Sustainable Development, Geneva; CP staff

BASF AG and CRH Plc are among 30 companies joining the World Business Council for Sustainable Development’s Factor10. The initiative seeks to advance principles of the circular economy, where the “take-make-dispose” economic model yields to one that is regenerative by design. Charter companies span 16 major sectors and report combined annual sales of $1.3 trillion.

Read More

Ash Grove shareholders clear path for CRH acquisition

Sources: Ash Grove Cement Co., Overland Park, Kan.; CRH Plc, Dublin; CP staff

Shareholders controlling just over 63 percent of Ash Grove Cement voting stock have approved a $3.5 billion merger agreement with Oldcastle Inc. parent company CRH. The deal is projected for a late-2017 or early-2018 closing and will position Atlanta-based Oldcastle Materials as the number five U.S. portland cement producer, with 8 million-plus tons’ annual capacity, while strengthening its role among the top five aggregates and ready mixed concrete operators.

Read More

Ash Grove deal lifts CRH/Oldcastle to its latest plateau

Sources: CRH Plc, Dublin; CP staff

In nearly 40 years of North American market development, CRH has announced the boldest move yet for its Oldcastle Inc. enterprise: a $3.5 billion acquisition of Ash Grove Cement Co., Overland Park, Kan. Projected to close later this year, the deal brings integrated or stand-alone sites from the Great Plains to the Pacific Northwest: eight cement, 52 ready mixed concrete and nine packaged dry mix plants, along with 20 limestone quarries and 23 sand & gravel operations.

Read More

Oldcastle parent nets $2.6 billion in Americas Distribution business sale

Sources: CRH Plc, Dublin; Beacon Roofing Supply Inc., Herndon, Va.; CP staff

CRH is set to shed a sizable slice of its legacy Oldcastle Inc. portfolio, selling its Allied Building Products-anchored Americas Distribution business to Beacon Roofing Supply, North America’s the largest publicly traded wholesale roofing and building materials distributor.

Read More

CRH plows $530M into Mulzer, companion North American deals from European asset sales

Sources: CRH Plc, Dublin; CP staff

The parent of Atlanta-based Oldcastle Materials Inc. has closed on seven deals year to date, led by the acquisition of one of the largest privately held U.S. aggregates producers: Tell City, Ind.-based Mulzer Crushed Stone Inc., spanning six quarries, five sand & gravel operations, 14 materials yards, plus four ready mixed concrete and three asphalt plants serving Ohio River and Kanawha River valley markets in Indiana, Kentucky and West Virginia.

Read More