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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.
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.