Trade Commission Cements CRH, Ash Grove $3.5B Merger

The U.S. Federal Trade Commission (FTC) cleared the path for CRH plc to acquire Overland Park, Kan.-based Ash Grove Cement for $3.5 billion after the company agreed to divest facilities in three states.

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March Cement Shipments Drop Slightly

Total shipments of portland and blended cement in the United States and Puerto Rico in March 2018 were about 7.4 million metric tons (Mt), slightly less than shipments in March 2017, according to the most recent USGS Mineral Industry Survey. Shipments for the year through March totaled about 19.0 Mt, essentially unchanged from those for the same period in 2017. 

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Cemex Lends Caribbean Cement $102m for Asset Repurchase

Caribbean Cement Co. signed two loan agreements valued at $102 million for the repurchase of assets on its grounds at Rockfort in Kingston, Jamaica, reported The Gleaner. The loans will mainly pay for the acquisition of Kiln 5 and Mill 5 as initially laid out in an equipment sale and purchase agreement dated April 27.

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