Announced
Financials
Tags
Acquisition
Single Bidder
Majority
cement plant
Private
cement production
Infrastructure
Domestic
Cement
United States
Pending
Friendly
Synopsis
CalPortland, a major producer of cement, ready mixed concrete, aggregates, concrete products and asphalt in the western United States and Canada, agreed to acquire the Tehachapi, California cement plant from Martin Marietta, a supplier of building materials, for $350m. The transaction is expected to close in the first half of 2023, subject to regulatory approvals and other customary closing conditions.
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