What has been announced in July this year has been completed last week. Summit Materials successfully combined their business with Argos USA for a transition of US$ 3.2 billion. In the USA, Argos has an installed cement grinding capacity of 9.6 Mta from its 4 integrated cement plants (photo: Roberta cement plant) and 2 grinding mills, as well as about 140 ready-mix plants. Approximately 85% of Argos’ USA EBITDA is generated from its cement platform. Under the terms of the agreement, Cementos Argos will receive about $1.2 billion in cash (~40% of transaction value) subject to closing adjustments and about 54.7 million shares of Summit stock (~60% of transaction value).