Quikrete to Acquire Summit Materials in Multi-Billion Dollar Deal

Summit Materials has entered a definitive agreement to be acquired by Atlanta-based Quikrete Holdings for $52.50 per share in a cash transaction valued upward of $11.5 billion. “This acquisition represents a significant milestone in our journey to expand our capabilities and geographic presence,” said Quikrete CEO Will Magill. “Summit is a recognized leader with a highly complementary portfolio of trusted…

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August Cement Shipments Drop Nearly 9%

Total shipments of portland and blended cement, including imports, in the United States and Puerto Rico in August 2024 were estimated 9.93 million metric tons (Mt), and 8.9% decrease from shipments in August 2023, according to the most recent USGS Mineral Industry. Shipments for the year through August totaled an estimated 68.5 Mt, a 5.8% decrease from those in the prior-year…

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