Summit Materials To Acquire Cement Assets From Lafarge - Quick Facts

(RTTNews) - Summit Materials (SUM) announced it has signed an agreement with Lafarge North America to acquire Lafarge NA's Davenport, IA cement plant and seven cement distribution terminals for $450 million. The Davenport Assets will be integrated into Summit's Continental Cement Company business based in Chesterfield, MO.

The company said the combined business will have 2.45 million short tons of cement capacity across two plants in Hannibal, MO and Davenport, and eight cement distribution terminals along the Mississippi River from Minneapolis, MN to New Orleans, LA.