Summit Materials Inc. has entered into a definitive agreement with Cementos Argos S.A. under which Summit will combine with Argos North America Corp., the U.S. operations of Cementos Argos, in a cash and stock transaction valued at $3.2 billion . Argos USA is among the largest cement producers by total installed capacity in its areas of operations, which include the…
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Vulcan Concludes Deal
Vulcan Materials Co. announced that it has completed the previously announced sale of the company’s cement and concrete businesses in the Florida area to Cementos Argos for gross cash proceeds of $720 million. Under a separate supply agreement, Vulcan will continue to provide aggregates to the divested concrete facilities, at market prices, for a period of 20 years.
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