According to Bloomberg, Heidelberg Materials is the mystery bidder that Summit Materials referenced in a recent proxy filing. The company said it had rejected two takeover proposals from an unnamed suitor with the latest made on Oct. 18 for $38 per share.
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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…
Read MoreContinental Cement, a wholly owned subsidiary of Summit Materials, awarded FLSmidth a contract for the first commercial installation of the FUELFLEX Pyrolyzer at its Davenport cement plant in Buffalo, Iowa. FLSmidth’s FUELFLEX Pyrolyzer enables cement plants to replace fossil fuels with waste-derived fuels in the calciner. The technology offers a lower CAPEX solution than competing technologies, noted FLSmidth, with the…
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Continental Cement Company, a Summit Materials subsidiary, will host a ribbon-cutting event for its new cement storage dome in Davenport, Iowa, on March 20.
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Summit Materials recently converted 100% of the production at its Hannibal, Mo., plant, which is operated by Continental Cement Co., to portland-limestone cement (PLC).
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Continental Cement Co., a subsidiary of Summit Materials, converted 100% of its annual production at its Davenport, Iowa, plant to portland-limestone cement. In 2021, the plant produced 1.1 million tons of cement. “Continental Cement has been working with our customers and specifiers to commercialize portland-limestone cement in all of our markets, and we are delighted that PLC adoption has progressed…
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