Summit Materials Acquires Argos USA

Summit Materials is a vertically integrated materials-based company that supplies aggregates, cement, ready-mix concrete and asphalt in the United States and British Columbia, Canada. Summit is a geographically diverse, materials-based business of scale that offers customers a single-source provider of construction materials and related downstream products in the public infrastructure, residential and non-residential end markets. Summit Materials was founded in 2009 and is based in Denver, Colorado.

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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 founded in 1934 and is based in Barranquilla, Colombia.

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