135-year-old KC company to sell itself for $3.5B

Overland Park, Kansas-based Ash Grove Cement Co. found a buyer for itself.

CRH PLC, its largest customer, agreed to purchase the 135-year-old company for $3.5 billion. The deal is expected to close late this year or early in 2018.

"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 take Ash Grove to its next phase of development after 135 years in operation and over a century under the stewardship of the Sunderland family," Ash Grove Chairman Charlie Sunderland said in a news release.

Read more from the Kansas City Business Journal.