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Summit Materials ( (SUM) ) just unveiled an announcement.
On February 10, 2025, Summit Materials announced the completion of its merger with Quikrete Holdings, Inc., resulting in an acquisition valued at approximately $11.5 billion. As a consequence of the merger, Summit’s common stock was delisted from the NYSE, and the company transitioned to a privately held subsidiary of Quikrete. The merger also involved significant structural changes, including the resignation of Summit’s directors and officers, the repayment of all loans, and the redemption of outstanding senior notes. This merger marks a strategic shift for Summit, impacting its public market presence and future operations.
More about Summit Materials
Summit Materials, Inc. is a leading producer of aggregates and cement with vertically integrated operations that supply ready-mix concrete and asphalt in select markets across the United States and British Columbia, Canada. The company focuses on providing high-quality products and services for public infrastructure, residential, and non-residential markets, leveraging its geographic diversity and materials-led business scale.
YTD Price Performance: 2.94%
Average Trading Volume: 3,828,289
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.22B
See more data about SUM stock on TipRanks’ Stock Analysis page.
