Summit Materials closes on $450 million Lafarge plant, terminal network deal

Sources: Summit Materials Inc., Denver; CP staff

In a July 17 transaction with LafargeHolcim Ltd., Summit Materials acquired Lafarge North America’s Davenport, Iowa cement plant, along with a West Des Moines, Iowa, and six Mississippi River terminals. The companies announced the deal just ahead of an early-May U.S. Federal Trade Commission order stipulating plant and terminal sale within 10 days of the Lafarge S.A. and Holcim Ltd. merger, consummated July 8.

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