Quikrete to acquire Summit Materials for $11.5bn.

Quikrete, the largest manufacturer of packaged concrete in the United States, agreed to acquire Summit Materials, a producer of aggregates and cement, for $11.5bn. "We are thrilled to welcome Summit into the Quikrete family. This acquisition represents a significant milestone in our journey to expand our capabilities and geographic presence. Summit is a recognized leader with a highly complementary portfolio of trusted aggregate, cement and ready-mix solutions. We look forward to working closely with the talented team at Summit to achieve our shared vision for the future," Will Magill, Quikrete CEO.