On February 10, 2025, Cementos Argos sold its 31% stake in Summit Materials for USD 2.875 million, marking a significant strategic shift to focus growth opportunities in the Colombian market.

Information on the Target

Cementos Argos, a leading cement manufacturing company, has demonstrated substantial growth, reporting a remarkable 28% increase in EBITDA and a staggering 424% rise in net income for the year. The company has consistently executed strategic transactions, establishing itself as a robust player in the construction materials industry. On February 10, 2025, Cementos Argos announced the sale of its 31% stake in Summit Materials for USD 2.875 million, marking a transformative milestone in the company's history and paving the way for new growth opportunities in the United States and other markets.

Additionally, the company's consolidated revenues amounted to COP 15.2 trillion by the end of 2024, remaining stable compared to the previous year. Operating profits showed a significant increase, with a closing net income reaching COP 7.6 trillion and a notable growth in shareholder equity, thanks to the strategic management of cross-shareholdings between Grupo Argos and Grupo Sura.

Industry Overview in Colombia

The cement industry in Colombia has been resilient, supported by robust infrastructure development and increased public investment. Cementos Argos holds a dominant position, controlling approximately 80% of major infrastructur