Aankondiging • Jan 13

Summit Materials, Inc. (NYSE:SUM) completed the acquisition of Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc.

Summit Materials, Inc. (NYSE:SUM) entered into an agreement to acquire Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc. for $3.2 billion on September 7, 2023. Summit Materials will pay in a cash and stock transaction valued at $3.2 billion. Under the terms of the agreement, Cementos Argos will receive approximately $1.2 billion in cash (~40% of transaction value) subject to closing adjustments, and approximately 54.72 million shares of Summit stock (~60% of transaction value) and one preferred share of Summit. In connection with the entry into the agreement, Summit Materials entered into a commitment letter with Morgan Stanley Senior Funding, Inc. (“MSSF”) and BofA Securities, pursuant to which MSSF has committed, subject to customary conditions, to provide Summit Materials, LLC with debt financing for the transaction consisting of an up to $1,300 million senior 364-day term loan facility. The proceeds of the debt commitment financing will be used to pay the cash purchase price for the transaction and pay related transaction costs. Summit Materials, LLC and Summit Materials Finance Corp. intend to offer $800 million aggregate principal amount of Senior Notes due 2031. The company intends to use the proceeds from the offering, together with borrowings under a new term loan B facility, to finance the transaction. The Summit Board of Directors is expected to comprise eight Summit-appointed representatives and three representatives appointed by Cementos Argos. If this Agreement is validly terminated by Summit pursuant to Section 11.01(d)(i) (Superior Proposal) to enter into a written definitive agreement with a Third Party or by Cementos pursuant to Section 11.01(c)(i) (Adverse Recommendation Change), Summit shall pay termination fee of $100 million. Argos USA reported consolidated Total revenues of $1.56 billion, net income of $51.27 million, total assets of $2.39 billion, Operating income of $77 million and Total stockholder's equity of $1.23 billion for the year ended December 31, 2022. Under the terms of the agreement, which has been unanimously approved by both companies’ Boards of Directors. Cementos Argos will enter into a shareholder agreement with Summit at closing of the transaction pursuant to which Cementos Argos will be subject to certain standstill provisions and a 24-month lock-up period on sales of Summit shares. The transaction is subject to customary closing conditions, including regulatory approvals, antitrust regulatory approval and approval by Summit Materials shareholders. Following the closing of the transaction, the combined company will be led by Anne Noonan, Summit’s President and Chief Executive Officer. At closing, the combined company will continue to operate as Summit Materials and continue to trade on the NYSE under the ticker symbol “SUM.” Both Summit and Argos North America will continue to operate independently until the necessary legal and regulatory approvals are met. The transaction is expected to close in the first half of 2024. As of October 24, 2023, the transaction is expected to close in the first quarter of 2024. As of Oct. 24, 2023, Summit Materials announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"). As of January 3, 2024, Institutional Shareholder Services and Glass Lewis have recommended that Summit shareholders vote in favor of all proposals in connection with its pending combination with Argos. On January 11, 2024, Summit shareholder approved the transaction and the transaction is expected to close on January 12, 2024. Morgan Stanley & Co. LLC acted as financial advisor and fairness opinion provider and James P. Dougherty, Evan Rosen, Frank J. Azzopardi, Howard Shelanski, William A. Curran and Kyoko Takahashi Lin of Davis Polk & Wardwell LLP acted as legal counsel to Summit Materials. Summit has agreed to pay Morgan Stanley a fee for its services of $30 million, $7.5 million of which was payable as of Morgan Stanley’s delivery of its fairness opinion and the remainder of which is payable if the Transaction is consummated. Sergio Galvis, Scott Crofton, Lee Parnes, Andrew Ferry, Devlin Woods, Kathleen Larkin, Spencer Sigalow, Werner Ahlers, Emilie Klovning, Alan Fishman, Renata Mascarenhas, Bill Farrar, Renata Hesse, Eric Queen, Brad Smith, Matthew Liptrot, Davis Wang, Ellen Kim, James Jang, Mark Schenkel, William Bekker, Katherine McClellan, John Estes, Virginia Cueva, Matthew Brennan, Jeannette Bander, Hollie Chenault, Matthew Nisi, Rob Schlein and Misha Patel of Sullivan & Cromwell LLP acted as legal advisor to Cementos Argos S.A. Cleary Gottlieb is representing Morgan Stanley & Co. LLC as financial advisor to Summit Materials Inc. Davis Graham & Stubbs LLP is also acting as legal counsel to Summit Materials. Broadridge Corporate Issuer Solutions, Inc. acted as transfer agent to Summit in the transaction. J.P. Morgan Securities LLC acted as financial advisor to Cementos Argos in the transaction. Stuart Rogers of Alston & Bird LLP represented Morgan Stanley as financial advisor. Summit Materials, Inc. (NYSE:SUM) completed the acquisition of Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc. on January 12, 2024. In connection with the Transaction, effective as of the closing of the Transaction, (i) John Murphy resigned from his position as a director of Summit, (ii) Juan Esteban Calle, Jorge Mario Velásquez and Irene Moshouris were appointed as directors of Summit and (iii) Brian Frantz was appointed as Chief Accounting Officer and Senior Vice President of Summit.

Percentage CEO-salaris	n/a
Dienstverband CEO	10.3yrs
Eigendom CEO	n/a
Management gemiddelde ambtstermijn	geen gegevens
Gemiddelde ambtstermijn bestuur	6.3yrs

Naam	Positie	Tenure	Compensatie	Eigendom
Juan Calle Restrepo	CEO, President & Chairman	less than a year	geen gegevens	geen gegevens
Rafael José Olivella	Executive Director	6.3yrs	geen gegevens	geen gegevens
Carolina Soto Losada	Independent Director	3.5yrs	geen gegevens	geen gegevens
Leon Teicher Grauman	Independent Director	14.5yrs	geen gegevens	geen gegevens
Cecilia González Rubio	Independent Director	14.5yrs	geen gegevens	geen gegevens

Gegevens	Laatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse	2026/07/05 15:23
Aandelenkoers aan het einde van de dag	2026/06/29 00:00
Inkomsten	2026/03/31
Jaarlijkse inkomsten	2025/12/31

Pakket	Gegevens	Tijdframe	Voorbeeld Amerikaanse bron ^*
Financiële gegevens bedrijf	10 jaar	Resultatenrekening Kasstroomoverzicht Balans	SEC-formulier 10-K SEC-formulier 10-Q
Consensus schattingen analisten	+3 jaar	Financiële prognoses Koersdoelen analisten	Onderzoeksrapporten van analisten Blue Matrix
Marktprijzen	30 jaar	Aandelenprijzen Dividenden, splitsingen en acties	ICE Marktgegevens SEC-formulier S-1
Eigendom	10 jaar	Top aandeelhouders Handel met voorkennis	SEC-formulier 4 SEC-formulier 13D
Beheer	10 jaar	Leiderschapsteam Raad van bestuur	SEC-formulier 10-K SEC-formulier DEF 14A
Belangrijkste ontwikkelingen	10 jaar	Bedrijfsaankondigingen	SEC-formulier 8-K

Analist	Instelling
Benjamin Theurer	Barclays
Eric Neguelouart	BofA Global Research
Gordon Lee	BTG Pactual

Cementos Argos Beheer

Beheer criteriumcontroles 1/4

Belangrijke informatie

Recente managementupdates

Cementos Argos S.A., Annual General Meeting, Mar 20, 2026

Cementos Argos S.A., Annual General Meeting, Mar 25, 2025

Recent updates

Cementos Argos S.A., Annual General Meeting, Mar 20, 2026

Cementos Argos S.A. announces Quarterly dividend, payable on April 30, 2026

Cementos Argos S.A. announces Quarterly dividend, payable on April 30, 2025

Cementos Argos S.A., Annual General Meeting, Mar 25, 2025

Summit Materials, Inc. (NYSE:SUM) completed the acquisition of Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc.

Summit Materials, Inc. (NYSE:SUM) entered into an agreement to acquire Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc. in a transaction valued at $3.2 billion.

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