Martin Marietta Materials Inc. has entered into a definitive agreement with Quikrete Holdings Inc. for the exchange of certain assets. Under the terms of the agreement, Martin Marietta will receive aggregates operations producing approximately 20 million tons annually in Virginia, Missouri, Kansas, and Vancouver, British Columbia, Canada, as well as $450 million of cash.
In exchange, Quikrete will receive the company’s Midlothian cement plant, related cement terminals and North Texas ready-mixed concrete assets. The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals and other customary closing conditions.
Additionally, on July 25, the company completed the acquisition of Premier Magnesia LLC, a privately-owned producer of magnesia-based products with operations in Nevada, North Carolina, Indiana and Pennsylvania. The Premier acquisition enhances Martin Marietta’s position as the leading producer of natural and synthetic magnesia-based products in the United States.
Collectively, these portfolio-optimizing transactions are shaping a higher margin enterprise that is increasingly aggregate-led, which possesses a more durable and resilient earnings profile through cycles, while preserving balance sheet flexibility for continued strategic plan execution.
Ward Nye, Chair, president and CEO of Martin Marietta, stated, “Consistent with the priorities outlined in the Company’s Strategic Operating Analysis and Review (SOAR) 2025 plan, we continuously endeavor to improve the attractiveness of our portfolio through asset purchases, exchanges and divestitures. Following a thorough evaluation, we believe that exchanging our remaining cement plant and related ready-mixed concrete operations for core aggregates assets and pursuing accretive bolt-on acquisitions for our complementary Magnesia Specialties business best positions the Company for long-term earnings growth.”
In addition to the above transactions, the company announced it expects to report second-quarter revenues, net earnings attributable to Martin Marietta and adjusted EBITDA of $1.81 billion, $328 million and $630 million, respectively. Based on its strong first-half results and current trends, the company is raising its full-year 2025 Adjusted EBITDA guidance to $2.30 billion at the midpoint. This revised EBITDA guidance also reflects contributions from the Premier acquisition for the remaining five months of 2025.
These preliminary unaudited second-quarter 2025 results are an estimate, based on information available to management, and are subject to modification upon completion of Martin Marietta’s quarter-end close procedures.
