Cementos Argos combines U.S. operations with Summit Materials in $3.2B deal

Cementos Argos announced a definitive agreement to combine its U.S. operations, Argos North America Corp, with Summit Materials in a cash and stock transaction valued at $3.2 billion. Cementos Argos will receive a 31% ownership stake in the combined NYSE-listed company.

“Cementos Argos will become the largest shareholder of Summit Materials with 31% ownership in the combined entity.”worldcement.com

• 3 sources
• worldcement.comCementos Argos to combine its operations in the United States with Summit Materials | World CementDavid BizleySep 7, 2023
• nasdaq.comArgos North America and Summit Materials Combine to Create a Stronger Force in the U.S. Construction Materials Industry | NasdaqSep 7, 2023
• businesswire.comArgos North America and Summit Materials Combine to Create a Stronger Force in the U.S. Construction Materials IndustryBeth GeigerSep 7, 2023

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