Announced
Completed
Financials
Tags
cement production
Domestic
Acquisition
ready mixed concrete
Infrastructure
Friendly
United States
Majority
Cement
Single Bidder
Private
Completed
Synopsis
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.
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