Building-Materials Provider Quikrete in Advanced Talks to Buy Summit

Quikrete in Advanced Talks to Acquire Summit Materials #

Building-materials provider Quikrete is in the advanced stages of negotiation to acquire Summit Materials. This potential merger indicates a strategic expansion by privately held Quikrete into the building materials sector, aligning with their growth objectives. Talks are progressing well, and if they continue on the current trajectory without any setbacks, a formal announcement is expected to be made early next week. Summit Materials has experienced a 6.51% increase in shares, reflecting positive market reactions to the news of the potential acquisition.