Eagle Materials completed the acquisition of Martin Marietta’s cement import and distribution business in northern California, which includes a cement terminal in Stockton.
The acquisition is consistent with the company’s strategic intentions to extend and strengthen its distribution reach across its heartland U.S. cement manufacturing system.
“Our Nevada Cement operations have long-standing customer relationships in Northern California and this acquisition will uniquely position us to better serve these and new customers with complementary imported product,” said Eagle Materials President and CEO Michael Haack.
“Our entire cement system is currently ‘sold out’ and this acquisition will enable us to more actively participate in the strong U.S. demand environment. Our experience as a cement importer elsewhere in the U.S. is a transferrable expertise at Eagle and we expect a smooth ownership transition,” Haack concluded.
