Summit to Acquire Argos’ U.S. Operations

Cementos Argos has entered into a definitive agreement with Summit Materials under which Argos North America will combine with Summit in a cash and stock transaction valued at $3.2 billion. The merger will create the fourth-largest cement platform in the United States and accelerates Summit’s “Elevate Summit” strategy, enhancing the company’s materials-led approach and positioning it for even greater success…

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Heidelberg Materials Touts Quarterly, Yearly Results

Heidelberg Materials, in its latest quarterly report, noted that group revenue in 2022 grew by 3% to an all-time high of €21.1 billion. North American revenue was up 17.6% for the quarter and 7.8% for 2022, although aggregates sales volume was off 5.7% for the quarter and 5.0% for the year; and cement and clinker sales volumes were off 8.2 %…

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