Sources: Concrete Supply Co., Charlotte, N.C.; CP staff Concrete Supply Co. has expanded its ready mixed production footprint from 90 to 120 North Carolina and South Carolina locations through an Argos USA asset transaction. The deal appears to be the first of its kind since Quikrete Holdings Inc., Atlanta, closed on Denver-based Summit Materials Inc. earlier this month. Summit Materials…
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Summit Materials directors approve Quikrete Holdings takeover offer
Sources: Summit Materials Inc., Denver; CP Summit Materials Inc. has entered a definitive agreement to be acquired by Atlanta-based Quikrete Holdings Inc. for $52.50 per share in a cash transaction valued upward of $11.5 billion. Summit directors have approved terms of the offer unanimously and will recommend shareholders vote accordingly ahead of a planned transaction closing during the first half…
Read MoreProducers – February 2024
Oldcastle APG, a CRH Company, recently closed on the Nampa, Idaho facility of Waupaca Northwoods LLC, a Wisconsin-based producer of soils, barks, mulches and decorative stone. The deal marks a Western states entry for the Oldcastle APG Lawn & Garden business, expanding the producer’s landscape materials portfolio across North America. Notes President Tim Ortman, “The addition of the Nampa facility’s…
Read MorePRODUCERS – April 2022
Pursuant to a leadership succession plan, Denver-based aggregates, cement and ready mixed operator Summit Materials Inc. has named Tom Beck as executive vice president. He transitions to the post after 25 years with the producer’s Continental Cement Co. business in Missouri, the last nine years as president. His successor is 20-year industry veteran David Loomes, who has most recently served…
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