# Quikrete in talks to acquire Summit Materials

Building materials provider Quikrete has approached Summit Materials with an acquisition offer. Summit Materials has a market value of more than $7 billion. Talks are at an early stage.

- Type: Acquisition
- Announced: 2024-10-24
- Where: United States
- Value: $11.5B
- Status: rumored
- Products: building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Quikrete Holdings](https://endata.com/companies/19918.md) (acquirer)
- [Cementos Argos](https://endata.com/companies/20596.md) (partner)
- [Summit Materials](https://endata.com/companies/21264.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/quikrete-is-talks-acquire-summit-materials-sources-say-2024-10-24/), 2024-10-24: "Building materials provider Quikrete has approached rival Summit Materials, which has a market value of more than $7 billion, with an acquisition offer."
- [cov.com](https://www.cov.com/en/news-and-insights/news/2024/11/covington-represents-quikrete-in-11-5-b-acquisition-of-summit-materials), 2024-11-25: "Covington advised Quikrete Holdings, Inc., a building materials company, on antitrust matters in its definitive agreement to acquire Summit Materials, Inc."
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1215672.html), 2024-11-25: "Summit Materials will be acquired by Quikrete Holdings at $52.50 per share in cash, including debt valued at approximately $11.5 billion."
- [prnewswire.com](https://www.prnewswire.com/news-releases/summit-materials-enters-into-definitive-agreement-to-be-acquired-by-quikrete-for-52-50-per-share-in-cash-302315306.html), 2024-11-25: "This combination, and the value it creates, is a testament to our stellar strategic and financial performance."
- [davispolk.com](https://www.davispolk.com/experience/summit-materials-11-5-billion-acquisition-quikrete-holdings), 2024-11-25: "Davis Polk is advising Summit Materials, Inc. on its acquisition by Quikrete Holdings, Inc. for $52.50 per share in cash, for a total enterprise value of $11.5 billion, including debt."
- [cemnet.com](https://www.cemnet.com/News/story/178190/summit-materials-acquired-by-quikrete-holdings-in-us-11-5bn-deal.html), 2024-11-26: "Summit Materials, a US-based building materials company in which Cementos Argos holds a 31 per cent stake, is set to be acquired by Quikrete Holdings."
- [milehighcre.com](https://milehighcre.com/denver-based-cement-producer-acquired-by-quikrete-holdings/), 2024-11-26: "This acquisition represents a significant milestone in our journey to expand our capabilities and geographic presence."
- [cementproducts.com](https://cementproducts.com/2024/12/02/quikrete-to-acquire-summit-materials-in-multi-billion-dollar-deal/), 2024-12-02: "This acquisition represents a significant milestone in our journey to expand our capabilities and geographic presence."

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