# Summit Materials completes acquisition of Argos USA for $3.2 billion

Summit Materials completed the acquisition of Argos USA Corporation from Cementos Argos S.A. and others for $3.2 billion in a cash and stock transaction, announced on September 7, 2023 and completed on January 11, 2024.

- Type: Acquisition
- Announced: 2024-01-11
- Where: Denver, Colorado, United States
- Value: $3.20B
- Status: completed
- Products: cement, concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cementos Argos](https://endata.com/companies/20596.md) (partner)
- [Cementos Argos](https://endata.com/companies/20596.md) (target)
- [Summit Materials](https://endata.com/companies/21264.md) (acquirer)
- [Argos North America](https://endata.com/companies/72476.md) (target)
- [Argos USA](https://endata.com/companies/72583.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SUMMIT-MATERIALS-INC-21120291/news/Summit-Materials-Inc-completed-the-acquisition-of-Argos-USA-Corporation-from-Cementos-Argos-S-A--45735195/), 2024-01-11: "Summit Materials, Inc. (NYSE:SUM) entered into an agreement to acquire Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc. for $3.2 billion on September 7, 2023."
- [prnewswire.com](https://www.prnewswire.com/news-releases/summit-materials-completes-combination-with-argos-usa-302033663.html), 2024-01-12: "Today, we are excited to begin a new chapter at Summit Materials."

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