# Summit Materials to buy Cementos Argos' US unit for $3.2 billion

Summit Materials agreed to acquire the U.S. operations of Colombia's Cementos Argos for about $3.2 billion in cash and stock, adding four cement plants in the Southeast, Mid-Atlantic and Texas.

- Type: Acquisition
- Announced: 2023-09-07
- Where: United States
- Value: $3.20B
- Status: announced
- Capacity: 11.8 million tonnes per year grinding capacity
- Products: cement, construction materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cementos Argos](https://endata.com/companies/20596.md) (target)
- [Summit Materials](https://endata.com/companies/21264.md) (acquirer)
- [Grupo Argos](https://endata.com/companies/72487.md) (partner)
- [Argos USA](https://endata.com/companies/72583.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/summit-materials-merge-with-cementos-argoss-us-operations-32-bln-deal-2023-09-07/), 2023-09-07: "Summit Materials said on Thursday it would buy the U.S. operations of Columbia's Cementos Argos for about $3.2 billion in cash and stock"
- [globalcement.com](https://globalcement.com/news/analysis/16951-reconfiguration-in-the-us-cement-market), 2023-09-13: "The two companies complement each other well for the purposes of forming a new heavy building materials concern."

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