CalPortland, a major producer of cement, ready mixed concrete, aggregates, concrete products and asphalt in the western United States and Canada, completed the acquisition of the West Coast cement and ready mixed concrete operations of Martin Marietta, a building material company, for $250m. "Consistent with our SOAR (Strategic Operating Analysis and Review) 2025 plan, we continually look for ways to optimize our portfolio and product mix through asset swaps and divestitures. After thoughtful evaluation, we determined that monetization of these operations is the best avenue to maximize value for all stakeholders," Ward Nye, Martin Marietta Chairman, President and CEO.