The cash deal, when completed, would create a vertically integrated, North America-based construction materials provider.

Quikrete will pay 36% premium to Summit's pre-disclosure share price in a deal expected to close in the first half of 2025.

Quikrete, the privately held Sandy Springs concrete and cement company, will buy Denver-based Summit Materials in a more than $11 billion deal, including assumed debt.

Summit Materials, Inc. (NYSE:SUM) shares are trading higher on Monday. The company inked a definitive deal to be acquired by privately owned family business Quikrete Holdings for $52.50 per share ...