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An Atlanta based construction materials firm is looking to acquire a rival company

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Unreported cash: File photo. (Matt Cardy/Getty Images)

ATLANTA, GA — Quikrete, the privately-owned maker of fast-setting concrete, cement, and other building materials is now in advanced talks to acquire rival Summit Materials which also offers paving and construction services.

A deal if reached could be announced next week according to the Wall Street Journal.

Summit Materials, based in Denver has a market value of nearly $8.5B.

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