Summit Materials majority investment in Continental Cement

Summit Materials majority investment in Continental Cement
Published: 28 May 2010

Heavy Building Materials company Summit Materials LL, today announced a majority investment in Continental Cement Company, USA.

Continental’s new state-of-the-art cement manufacturing and waste processing facilities are located in Hannibal, Missouri, 100 miles north of St Louis. With distribution terminals in St Louis, Missouri and Bettendorf, Iowa, Continental supplies cement to customers in Missouri, Iowa and Illinois. Cement has been manufactured at the Hannibal site since 1903.

Continental’s management team, led by Mike Johnson, CEO and Tom Beck, Senior Vice President will remain in place.

Tom Hill, CEO of Summit stated, “Continental Cement is an excellent company with a highly experienced management team. We are delighted to have the opportunity to partner with Continental and to expand our presence in the Midwest."