ORCO Block & Hardscape CEO Rick Muth has assumed a new role as chairman and appointed Dave Echternach as his successor. Echternach has a nearly 20-year track record of leadership success at the Stanton, Calif. concrete masonry operator, serving as sales manager and vice president. He joined ORCO after tours of duty in financing, rental operations, product support and sales…
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Argos USA merger positions Summit Materials as top five U.S. cement player
At levels just under 100 percent, Summit Materials Inc. shareholders approved proposals at the heart of a September 2023 agreement with Colombia-based Cementos Argos S.A., paving the path for a mid-January merger of Summit Materials and Argos North America Corp. Valued at $3.2 billion, the merger creates the fourth-largest U.S. cement producer—behind Holcim US, Heidelberg Materials and Ash Grove—and significantly…
Read MoreArgos North America, Summit Materials map $3.2 billion merger
Sources: Argos North America, Alpharetta, Ga.; Summit Materials Inc., Denver; CP staff Colombia-based Cementos Argos has entered a definitive agreement with Summit Materials Inc. under which Argos North America Corp. will combine with Summit in a cash and stock transaction. It calls for Cementos Argos to receive approximately $1.2 billion in cash and 54.7 million shares—or 31 percent—of Summit stock,…
Read MorePRODUCERS – October 2016
Oldcastle Inc. parent CRH plc has announced the year end retirement of Mark Towe from the board of directors, while continuing in his role as CRH Americas chairman. Towe joined the global concrete, aggregates and cement producer in 1997 and was appointed a director in 2008.
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