Martin Marietta (MLM) announced that it has received all necessary regulatory approvals for its previously announced asset exchange with Quikrete Holdings. The transaction is now expected to close in the fourth quarter of 2025, subject to customary closing conditions. Under the terms of the agreement, Martin Marietta will acquire aggregates operations with annual production of approximately 20M tons across Virginia, Missouri, Kansas and Vancouver, British Columbia, as well as $450M in cash. In exchange, Quikrete will receive the company’s Midlothian cement plant, associated cement terminals, and ready-mixed concrete assets in North Texas.
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