M&A Deal Summary |
|
|---|---|
| Date | 2023-09-07 |
| Target | Argos USA |
| Sector | Building Materials |
| Buyer(s) | Summit Materials |
| Sellers(s) | Cementos Argos |
| Deal Type | Divestiture |
| Deal Value | 3.2B USD |
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| Category | Company |
|---|---|
| Founded | 2009 |
| Sector | Building Materials |
| Employees | 6,000 |
| Revenue | 2.4B USD (2022) |
Summit Materials is a heavy-side construction materials company. Summit Materials was founded in 2009 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 17 |
| Sector (Building Materials) | 11 of 11 |
| Type (Divestiture) | 2 of 2 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 16 of 16 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-24 |
Grand Junction Pipe & Supply
Grand Junction, Colorado, United States GJP supplies irrigation and utility water pipe, valve fittings and accessory items to local utility districts, contractors, golf courses and the agricultural sector on the western slope of Colorado. GJP was part of Summit’s earlier acquisition of an aggregates-based business in Grand Junction, Colorado. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1934 |
| Sector | Building Materials |
| Employees | 7,647 |
| Revenue | 9,000.5B COP (2020) |
Cementos Argos is a multinational company that produces and markets cement and ready mix concrete through its operations in Colombia, the United States, Central America and the Caribbean. In the cement industry, Argos is the leader in Colombia, the fifth largest producer in Latin America, and the second largest in the southeast of the United States. It has 9 plants in Colombia, 3 in the United States, and 1 in Honduras.9 clinker mills located in the United States, Haiti, Panama, the Dominican Republic, Honduras, French Guiana, and Surinam, and 24 ports and terminals for receipt and packaging. Its total installed capacity is 19.9 million tons of cement per year. In the concrete business, Argos is the market leader in Colombia and the second largest producer in the United States. It has 389 plants located in Colombia, the United States, Haiti, Panama, the Dominican Republic, and Surinam. Its total installed capacity is 17.9 million cubic meters of concrete per year. Cementos Argos was incorporated in 1934 and is based in Medellin, Colombia.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Building Materials) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-18 |
HeidelbergCement AG - Cement Plant Assets
Germany HeidelbergCement AG - Cement Plant Assets comprises Martinsburg, West Virginia cement plant and eight related terminals. |
Buy | $660M |
