Summit Materials Completes Merger with Quikrete
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2025
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Should l Buy ?
Source: PRnewswire
Acquisition Announcement: Summit Materials, Inc. has been acquired by Quikrete Holdings, Inc. for $52.50 per share in cash, totaling approximately $11.5 billion, including debt, and will now operate as a privately held subsidiary of Quikrete.
Company Backgrounds: Summit Materials is a leading producer of aggregates and cement with operations in the U.S. and Canada, while Quikrete is a major building materials company known for its wide range of construction products.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
