# Quikrete finalizes acquisition of Summit Materials

Quikrete Holdings has finalized the acquisition of 100% of Summit Materials' shares, making Summit Materials a privately held subsidiary of Quikrete. Cementos Argos sold its 31% stake in Summit Materials for $2.875 billion as part of the transaction.

- Type: Acquisition
- Announced: 2025-02-12
- Where: United States
- Value: $2.88B
- Status: completed
- Products: cement, concrete, aggregates
- 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) (investor)
- [Summit Materials](https://endata.com/companies/21264.md) (target)

## Sources

- [aggbusiness.com](https://www.aggbusiness.com/new-chapter-as-quikrete-finalises-summit-materials-acquisition/), 2025-02-12: "Together, we now have an unrivalled, materials dominant, platform featuring significant scale and an advantaged geographic footprint."

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