Summit Materials Purchases Two Concrete Firms in Utah and Missouri

Summit Materials, LLC (Summit), a building materials company, today announced that it has concluded the acquisitions of Altaview Concrete, Inc., an aggregates and ready-mix concrete company based in Salt Lake City, Utah and Con-Agg of MO, LLC (Con-Agg), an aggregates and ready-mix concrete company based in Columbia, Missouri.

Altaview Concrete becomes part of Summit’s recently formed Harper-Kilgore group of companies in Salt Lake City and will assume responsibility for the Harper ready-mix concrete operations. Con-Agg is a strong geographic fit with Summit’s existing businesses in Kansas and Missouri. The existing management teams at Altaview Concrete and Con-Agg will remain in place and continue to run and develop the businesses.

Summit also announced that Shane Evans and Bill Raimer have joined the company as Regional President and Regional CFO respectively with overall responsibility for Summit’s recently acquired companies in Utah and future business expansion in the western US. Prior to joining Summit, Shane and Bill led the management team at Oldcastle Materials’ Rocky Mountain / Midwest Division.

Tom Hill, CEO of Summit stated, “We are delighted to team up with companies of the calibre of Altaview Concrete and Con-Agg. Their top-class management teams and employees are a great addition to Summit. We are also very pleased to have Shane and Bill join Summit. They are very experienced managers who will work well with the strong team we now have in Utah.”

Source: http://www.summit-materials.com/

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