Ash Grove buys stake in Eagle Materials

Ash Grove buys stake in Eagle Materials
Published: 21 August 2008

Ash Grove Cement Co of Overland Park has taken a five per cent stake in Eagle Materials Inc.

Dallas-based Eagle Materials also provides recycled paperboard and aggregates.

A filing with the Securities and Exchange Commission said Ash Grove, one of the largest cement manufacturers in North America, spent $53.5m for 2.2m shares of stock.