Martin Marietta Materials has entered into a definitive agreement to sell its Redding, Calif., cement plant and related cement distribution terminals to CalPortland for $250 million in cash. The deal also includes 14 ready mixed concrete plants in California.
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Lehigh Hanson, a HeidelbergCement subsidiary, finalized the acquisition of Corliss Resources Inc., one of the largest, family-owned aggregates and ready-mixed concrete companies in the Pacific Northwest. The deal includes major aggregate operations with annual shipments of 2 million-plus tons, reserves exceeding 175 million tons, and four ready mixed concrete plants serving the Greater Seattle area.
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Martin Marietta Materials successfully completed its previously announced acquisition of Lehigh Hanson’s West Region business for $2.3 billion in cash.
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The Plibrico Co., a supplier of monolithic refractories and construction services, has completed the acquisition of Redline Industries Inc., solidifying its reputation for innovation and customer satisfaction.
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Two weeks after the Federal Trade Commission (FTC) challenged Lehigh Cement’s planned acquisition of Keystone Cement, the commission said the two rival producers have abandoned the deal.
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Martin Marietta will significantly boost its West Coast presence in a $2.3 billion cash deal for the bulk of Lehigh Hanson’s West Region operations in Arizona, California, Nevada and Oregon. The acquisition provides the company with a new upstream materials-led growth platform across several of the nation’s largest and fastest growing megaregions.
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The Federal Trade Commission (FTC) is challenging Lehigh Cement’s $151 million acquisition of rival Pennsylvania-based producer Keystone Cement Co., alleging the deal would harm regional competition in the market.
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LafargeHolcim projects a second quarter closing on a $3.4 billion deal for Nashville-based Firestone Building Products (FBP), the largest acquisition in the company’s five-year history and one stretching well beyond its core production competencies.
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