# 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.

- Type: Acquisition
- Announced: 2023-09-07
- Where: Alpharetta, Georgia, United States
- Value: $3.20B
- Status: announced
- Products: cement, ready-mix concrete, aggregates
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cementos Argos](https://endata.com/companies/20596.md)
- [Argos North America](https://endata.com/companies/72476.md)
- [Cementos Argos](https://endata.com/companies/20596.md) (acquirer)
- [Summit Materials](https://endata.com/companies/21264.md) (target)
- [Argos North America](https://endata.com/companies/72476.md) (target)

## Sources

- [worldcement.com](https://www.worldcement.com/the-americas/07092023/cementos-argos-to-combine-its-operations-in-the-united-states-with-summit-materials/), 2023-09-07: "Cementos Argos will become the largest shareholder of Summit Materials with 31% ownership in the combined entity."
- [nasdaq.com](https://www.nasdaq.com/press-release/argos-north-america-and-summit-materials-combine-to-create-a-stronger-force-in-the-u), 2023-09-07: "Cementos Argos today announced it has entered into a definitive agreement with Summit Materials, Inc. under which the U.S. operations of Cementos Argos, Argos North America Corp, will combine with Summit in a cash and stock transaction valued at $3.2 billion."
- [businesswire.com](https://www.businesswire.com/news/home/20230907331456/en/Argos-North-America-and-Summit-Materials-Combine-to-Create-a-Stronger-Force-in-the-U.S.-Construction-Materials-Industry), 2023-09-07: "This combination accelerates the strategic growth plans for both Argos North America and Summit."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.