Martin Marietta completed the acquisition of the west region business of Lehigh Hanson for $2.3bn.

Martin Marietta, a supplier of aggregates and heavy building materials, completed the acquisition of the west region business of Lehigh Hanson, a supplier of construction materials in North America, for $2.3bn. “We are pleased to complete the Lehigh West Region acquisition and welcome a talented group of new employees to the Martin Marietta team. These assets serve as a new growth platform for our continued geographic expansion and are uniquely positioned to benefit from favorable market dynamics and accelerating public and private construction activity in California and Arizona. We are confident in our ability to quickly realize the benefits of this transaction and deliver significant value creation for our shareholders, customers and employees following the same proven approach we took with our acquisitions of TXI and Bluegrass,” Ward Nye, Martin Marietta Chairman, President and CEO.