Summit Establishes Annual Records for Revenue, Profitability

Summit Materials Inc. announced results for the fourth quarter and full year ended Dec. 30, 2023. Net revenue increased $220.7 million, or 9.9%, in 2023 to $2.4 billion, as strong pricing across all lines of business and contributions from acquisitions more than offset lower volumes and the impact of divestitures. Operating income increased $41.6 million, or 15.5% in 2023 to…

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Summit Materials Names Moore COO

Summit Materials appointed Marshall Moore as executive vice president, chief operations officer, effective Jan. 4. In the newly created role, Moore will enhance Summit’s operational excellence capabilities with responsibility for manufacturing and supply chain excellence, information technology and lean processes. Moore will also be responsible for the team integrating Summit’s acquisition of Argos USA, where he will provide battle-tested expertise…

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Summit Materials, Argos USA Merger Moves Forward

Summit Materials shareholders approved proposals at the heart of a September 2023 agreement with Colombia-based Cementos Argos S.A., paving the path for a prompt Summit Materials and Argos North America Corp. merger.  The proposals are tied to issuance of shares in exchange for Argos USA cement, ready mixed concrete and aggregate production assets. The shares position Cementos Argos as Summit…

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Fireside Chat With Summit

Oct. 11, 2023 – Summit Materials Inc. announced that Anne Noonan, Summit’s president and CEO, and Scott Anderson, Summit’s executive vice president and CFO, will discuss its merger with Argos USA with covering analyst Trey Grooms, from Stephens. The discussion will take place during a fireside chat at 8:00 a.m. Eastern time (6:00 a.m. Mountain time) on Thursday, Oct. 19. The conversation will highlight the strategic…

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MSHA Impact Inspections Include Aggregates, Cement Plants

The U.S. Department of Labor announced that monthly impact inspections by its Mine Safety and Health Administration (MSHA) at 16 mines in 12 states in March 2023 have identified 205 violations, including 52 significant and substantial findings. Impact inspections are done at mines that merit increased agency attention and enforcement related to poor compliance history; previous accidents, injuries, and illnesses;…

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Making a Fleet Change

Find Out How The Quarry At Argos USA’s Martinsburg Cement Plant Optimized Its Loading And Hauling Operations. By Mark S. Kuhar Argos USA’s Martinsburg cement plant, acquired in 2016, operates a limestone quarry in the West Virginia panhandle. Quarry operations there began around 1900 underground for lime-grade high-calcium limestone; and on the surface for cement grade limestone.  After purchasing the…

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Argos USA, Liability Heir, Cooperates in Feds’ Concrete Price-Fixing Investigation

Argos USA, Alpharetta, Ga., has entered a deferred prosecution agreement (DPA) resolving a DOJ Antitrust Division charge of conspiring to fix prices, rig bids and allocate sales for ready mixed concrete in Savannah, Ga., and neighboring markets under U.S. District Court for the Southern District of Georgia jurisdiction, according to the U.S. Department of Justice Antitrust Division.

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Busiest Week Ever

Nov. 22, 2019 – This was one of the busiest weeks in recent memory. The week started off with the announcement that Rock Products‘ parent company SEMCO Publishing had acquired the assets of Aggregates Manager magazine, effectively creating the aggregates industry’s most powerful media enterprise. This is big news, and as that merger evolves, you will learn more about what it means for aggregates producers and manufacturers. The…

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