Summit Materials completes combination with Argos USA
Published by Evie Gardner,
Editorial Assistant
World Cement,
Summit Materials, Inc has announced that it has completed its US$3.2 billion combination with Argos North America Corp.
Shareholders of Summit voted overwhelmingly to approve certain proposals related to the Transaction Agreement, dated 7 September 2023 by and among the Company, Cementos Argos, Argos USA, Argos SEM, LLC, and Valle Cement Investments, Inc. at the Special Meeting of Stockholders on 11 January 2024.
"We are excited to begin a new chapter at Summit Materials", said Anne Noonan, Summit Materials President and CEO. "As we transition into the integration phase, I want to start by welcoming our new Argos colleagues into the Summit family. Together, we now have an unrivalled, materials dominant, platform featuring significant scale and an advantaged geographic footprint, and our talent-rich team is laser focused on delivering our synergy commitments and industry-leading returns for our shareholders. I want to thank our Board of Directors, our shareholders, and the employees across our footprint for their unwavering support and commitment through this process and we look forward to our bright future together."
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Read the article online at: https://www.worldcement.com/the-americas/15012024/summit-materials-completes-combination-with-argos-usa/
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