Summit Materials inks deals for Everist Materials, Razorback Concrete

Sources: Summit Materials Inc., Denver; CP staff

Summit Materials will broaden its Rocky Mountain and South Central region ready mixed concrete, aggregate and asphalt market footprint with the acquisition of Everist Materials LLC in Silverthorne, Colo., and Razorback Concrete Co. in West Memphis, Ark. Scheduled for closing before the end of February, the transactions enable Summit to expand its integrated, materials-based model in growing markets, notes CEO Tom Hill.

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Investor’s solid returns, track record prompt Rocla Tie sale to German rail specialist

Sources: Vossloh AG, Werdohl, Germany; Altus Capital Partners, Wilton, Conn.; CP staff

Less than a month after finalizing an agreement with Altus Capital Partners, Vossloh Group has closed on Denver-based Rocla Concrete Tie Inc., the leading producer of prestressed concrete railroad and turnout ties for Class I, commuter passenger, transit, and industrial lines.

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