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

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.

According to the Wall Street Journal, an announcement about a potential deal could be made soon.

A deal reached could be announced next week

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