Summit Materials Announces Sale of Grand Junction Pipe & Supply to Ferguson Waterworks

Company Release - 9/24/2018 4:30 PM ET

DENVER--(BUSINESS WIRE)-- Summit Materials, Inc. (NYSE: SUM), a leading vertically integrated construction materials company, today announced the sale of Grand Junction Pipe & Supply (GJP) to Ferguson Waterworks, the largest company in the waterworks industry.

GJP supplies irrigation and utility water pipe, valve fittings and accessory items to local utility districts, contractors, golf courses and the agricultural sector on the western slope of Colorado. GJP was part of Summit’s earlier acquisition of an aggregates-based business in Grand Junction, Colorado. Summit subsequently expanded its business on Colorado’s western slope through the acquisition of Peak Materials in 2017. This divestment of the non-core GJP operation reflects Summit’s continued focus on its materials-based growth strategy.

About Summit Materials

Summit Materials 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. Summit is a geographically diverse, materials-based business of scale that offers customers a single-source provider of construction materials and related downstream products in the public infrastructure, residential and nonresidential, and end markets. Summit has a strong track record of successful acquisitions since its founding and continues to pursue growth opportunities in new and existing markets.

For more information about Summit Materials, please visit www.summit-materials.com.

Summit Materials, Inc.
Mr. Brian Harris
Executive Vice President, Chief Financial Officer
brian.harris@summit-materials.com

Source: Summit Materials, Inc.