Summit Materials Inc. announced that it has appointed Noel R. Ryan III as its new vice president, investor relations. Ryan has more than 15 years’ experience in the investor relations and capital markets industries, most recently serving as vice president and head of investor relations and external communications for Calumet Specialty Products Partners L.P., a publicly traded producer of specialty…
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Acquisitions Fuel Summit Materials’ Second-Quarter Success
Summit Materials Inc. announced results for the second quarter of 2016. Aggregates volume and price increased 10.9 percent and 9.5 percent, respectively. Cement volume and price increased 114.7 percent and 10.7 percent, respectively.
Read MoreCantie Appointed to Summit Board
Summit Materials announced that its board of directors has appointed Joseph S. Cantie as a new director, also serving on the Audit Committee. Cantie has more than 30 years of financial and operating experience primarily in the industrials sector. With the appointment of Cantie, Summit’s board now comprises eight members. Tom Hill, CEO of Summit, stated, “We are thrilled to add…
Read MoreSummit Acquires Sierra Ready Mix
Summit Materials Inc. announced that it has acquired Sierra Ready Mix LLC, a vertically integrated aggregates and ready-mix concrete business located in Las Vegas. The acquisition provides Summit with premier, well-located assets in an expanding market, the company said.
Read MoreIndustry’s Young Leaders Meet in Austin, Texas
Everything is bigger in Texas, and the annual National Stone, Sand and Gravel Association’s Young Leaders (YL) meeting was no exception. Last week’s gathering in Austin was the largest YL meeting to-date with nearly 190 registered attendees, including Rock Products’ Associate Editor Josephine Smith. Things kicked off Thursday, April 28 with a tour of Summit Materials’ Hays Quarry, one of…
Read MoreSummit Closes Boxley Deal
Summit Materials announced that it has completed the previously announced acquisition of Boxley Materials Co., a vertically integrated construction materials company founded in 1892 and based near Roanoke, Virginia.
Read MoreSummit Materials to Acquire Boxley
Summit Materials anticipates a mid-March closing on key aggregate, concrete and asphalt-production assets of Roanoke, Va.-based Boxley Materials Co., a 124-year-old operator serving Virginia and West Virginia. A definitive agreement on the deal was announced less than two weeks after Summit closed on its recently reported deal for Wilmington, N.C.-based American Materials Co., with five sand and gravel operations in…
Read MoreSummit Materials Finishes Year Strong
Summit Materials Inc. announced results for the fourth quarter and full year of 2015. In the fourth quarter of 2015, the company introduced a Cement Segment as a new segment and reclassified its segments into West, East and Cement.
Read MoreWade Joins Summit Board of Directors
Summit Materials Inc. announced that its board of directors has appointed Anne Wade as a new independent director, also serving on the Audit Committee. Wade has more than 20 years of financial experience primarily in infrastructure sectors including the global building materials and construction industries. With the appointment of Wade, Summit’s board now comprises seven members. Tom Hill, CEO of Summit,…
Read MoreRock Products’ Aggregate Industry Market Report
In This Exclusive Third-Quarter Analysis Prepared For Rock Products, Headwaters MB Looks At Current Market Trends Such As Mergers And Acquisitions, Aggregate Production And Pricing. By Brian Krehbiel
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