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 MoreTag: Cementos Argos
Argos USA merger moves Summit Materials into U.S. cement elite ranks
Sources: Summit Materials Inc., Denver; CP staff At levels just under 100 percent, Summit Materials shareholders approved proposals at the heart a September 2023 agreement with Colombia-based Cementos Argos S.A., paving the path for a January 12 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,…
Read MoreArgos NA brings Summit Materials cement, ready mixed production scale
Cementos Argos of Colombia has entered a definitive agreement with Denver-based Summit Materials Inc. under which Argos North America Corp., Alpharetta, Ga. 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, valuing Argos North America at approximately $3.2 billion.…
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 MoreORGANIZATIONS – OCTOBER 2018
The National Concrete Masonry Association has launched a free continuing education course for design professionals hosted by AEC Daily. “Concrete Masonry: The Energy Efficiency Solution” educates users on the thermal benefits of concrete masonry assemblies and energy code compliance options. It qualifies for continuing education credits through the AIA/CES system, and is U.S. Green Building Council-approved for Green Building Certification Institute CE hours.
Read MorePRODUCERS – JANUARY 2016
The board of Colombia’s Cementos Argos has unanimously appointed Juan Esteban Calle as chief executive officer, effective April. His interpersonal skills and professional record of accomplishments, directors note, will help position Argos to continue its growth and expansion strategy, while strengthening organizational culture plus good environmental and social management practices.
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