Martin Marietta Materials (MLM) Announces Acquisition of Aggregates Operations From Affiliates of Blue Water Industries for $2.05B

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Go back to Martin Marietta Materials (MLM) Announces Acquisition of Aggregates Operations From Affiliates of Blue Water Industries for $2.05B

Martin Marietta Announces Acquisition of Aggregates Operations From Affiliates of Blue Water Industries LLC; Company Also Completes South Texas Cement and Concrete Divestiture

February 12, 2024 6:55 AM EST

RALEIGH, N.C., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that on February 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash. Additionally, on February 9, 2024, the Company completed its previously announced divesture of its South Texas cement and related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash.

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