US’s Summit Materials, Inc. announced it has entered into a definitive agreement to be acquired by Quikrete Holdings, Inc. for US$ 52.50 per share in cash, for a total enterprise value of approximately US$11.5 billion, including debt. The transaction combines Summit’s leading aggregates, cement and ready-mix concrete businesses with Quikrete’s leading concrete and cement-based products business (photo: cement terminal) to create a vertically integrated, North American, construction materials solutions provider with strong customer relationships and iconic products. The transaction is expected to close in the first half of 2025. Upon completion of the transaction, Summit will become a privately held subsidiary of Quikrete .