Construction materials producer Summit Materials Inc. has completed its previously announced acquisition of a 1.2 million short ton capacity cement plant in Davenport, Iowa, along with seven cement distribution terminals from Lafarge North America Inc., for a purchase price of $450 million in cash, plus an exchange of Summit’s Bettendorf, Iowa cement distribution terminal.
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Young Leaders, Frac Sand and More
Rock Products is very pleased to be a partner with the National Stone, Sand and Gravel Association (NSSGA) in supporting its Young Leaders.
Read MoreSummit’s Hill Reaches the Peak
SUMMIT MATERIALS RAISED $400 MILLION IN ITS RECENT IPO. HERE’S WHAT CEO TOM HILL HAD TO SAY ABOUT IT. By Mark S. Kuhar Summit Materials was formed to acquire and grow building materials companies in the aggregates, ready-mix concrete, cement, asphalt paving and construction industries. By teaming up with established local businesses, the company is committed to creating value, providing…
Read MoreSummit Materials Plans IPO
Summit Materials Inc. is planning an initial public offering, according to a filing made with the U.S. Securities and Exchange Commission. The company hopes to raise to raise between $376 to $432 million.
Read MoreTom Hill
If there is a company on the grow, it is Summit Materials. Chief Executive Officer Tom Hill is the driving force behind the company, which has made a number of acquisitions this year. Tom has also held a variety of leadership roles in the transportation industry. He served as Chairman of the American Road and Transportation Builders Association from 2002…
Read MoreSummit Materials Acquires Aggregates, Ready-Mix Operations
Summit Materials has announced another round of acquisitions. The company acquired Southwest Ready-Mix, a ready-mix concrete company in southwest Houston; Colorado County Sand & Gravel, an aggregates company in Colorado County, Texas; and Concrete Supply of Topeka/Builders Choice ConcreteColorado County Sand & Gravel, an aggregates and ready-mix concrete company based in Topeka, Kan.
Read MoreSummit Materials Buys Mainland Sand and Gravel
Summit Materials acquired Mainland Sand and Gravel, a supplier of construction aggregates to the Vancouver and Lower Mainland region of British Columbia, Canada. This acquisition expands Summit’s footprint and creates a new growth platform for Summit in the attractive British Columbia market.
Read MoreNSSGA Young Leaders: Greetings from Palm Springs
Members of the National Stone, Sand and Gravel Association’s (NSSGA) Young Leaders (YL) gathered at the Riviera Palm Springs Resort & Spa in Palm Springs, Calif., in April for their annual meeting. Once again, I had the pleasure of attending such a great networking and informative event. Things kicked off with the Chairman’s Welcome and Mark S. Walsh Reception on…
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