Quickrete, Summit Materials Announce Merger

Summit Materials, a producer of aggregates and cement, announced the closure of its agreement to be acquired by Quickrete Holdings for around $11.5 billion, including debt. The acquisition was unanimously approved by both Summit and Quikrete’s board of directors.

“We are thrilled to welcome Summit into the Quikrete family,” says Will Magill, CEO of Quikrete. “This acquisition represents a significant milestone in our journey to expand our capabilities and geographic presence. Summit is a recognized leader with a highly complementary portfolio of trusted aggregate, cement and ready-mix solutions. We look forward to working closely with the talented team at Summit to achieve our shared vision for the future.”