Quikrete, Summit Materials finalize mega-merger
The $11.5 billion deal is now official.
Summit Materials, Inc., one of the leading producers of aggregates and cement in the U.S., has officially finalized the agreement to be acquired by Quikrete Holdings, Inc.
The deal is for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt.
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As a result of the deal, Summit's common stock has ceased trading on the NYSE and will no longer be listed on any public market. Additionally, Summit Materials has become a privately held subsidiary of Quikrete.
