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.
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Summit Materials has entered a definitive agreement to be acquired by Atlanta-based Quikrete Holdings for $52.50 per share in a cash transaction valued upward of $11.5 billion. “This acquisition represents a significant milestone in our journey to expand our capabilities and geographic presence,” said Quikrete CEO Will Magill. “Summit is a recognized leader with a highly complementary portfolio of trusted…
Read More– IN BRIEF –The five leading states in the fourth quarter of 2021 were, in descending order of production, Texas, Missouri, California, Florida and Ohio. Aggregates Production Rises 5% in 2021. The U.S. Geological Survey (USGS) has released the report “Crushed Stone and Sand and Gravel in the Fourth Quarter 2021.” An estimated 647 million metric tons (Mt) of total…
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