Summit Materials acquires Sierra Ready Mix
Published by Rebecca Bowden,
Assistant Editor
World Cement,
Summit Materials Inc has acquired Sierra Ready mix, LLC, a vertically integrated aggregates and ready-mix concrete business located in Las Vegas, Nevada. This acquisition gives Summit premier, well-located assets in an expanding market.
Sierra operates a sand and gravel pit and two ready-mix concrete facilities, and has a well-balanced exposure across all end-use segments. Sierra’s management team is remaining in place to continue to grow and develop the business.
Tom Hill, CEO of Summit, stated, “Sierra’s vertically integrated operations are a good fit within our Utah-based Kilgore platform and a very sound entry into Las Vegas, the next large market south of the Wasatch Front in Utah. Sierra has a solid position in a sizeable market at an attractive point in the recovery cycle. We are pleased to welcome Sierra’s truly talented team to our rapidly growing company.”
Adapted from press release by Rebecca Bowden
Read the article online at: https://www.worldcement.com/the-americas/05052016/summit-materials-acquires-sierra-ready-mix-35/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.