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/