CalPortland to acquire the Tehachapi, California cement plant from Martin Marietta for $350m.

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.