Cementos Argos has agreed to combine its U.S. operations, Argos North America Corp., with Summit Materials in a $3.2 billion cash and stock transaction. Cementos Argos will own 31% of the combined company.
Cementos Argos is a multinational producer and distributor of cement, concrete and aggregates. Founded almost 90 years ago, it operates in 16 countries and territories. Summit is a leading vertically integrated materials-based company that supplies aggregates, cement, ready-mix concrete and asphalt in the United States and British Columbia, Canada.
The S&C M&A team advising Cementos Argos includes Sergio Galvis, Scott Crofton, Lee Parnes, Andrew Ferry, Devlin Woods, Kathleen Larkin and Spencer Sigalow, with valuable assistance from Werner Ahlers and Emilie Klovning during the early stages of the transaction. Alan Fishman and Renata Mascarenhas are advising on commercial matters and capital markets matters. Bill Farrar is advising on securities law matters. Renata Hesse, Eric Queen, Brad Smith and Matthew Liptrot are advising on antitrust matters. Davis Wang, Ellen Kim and James Jang are advising on tax matters. Mark Schenkel, William Bekker and Katherine McClellan are advising on intellectual property matters. John Estes and Virginia Cueva are advising on financing matters. Matthew Brennan is advising on environmental matters. Jeannette Bander, Hollie Chenault and Matthew Nisi are advising on employee compensation and benefits matters. Rob Schlein and Misha Patel are advising on real estate matters.
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