Martin Marietta Secures Approvals for Q4 2025 Asset Swap with Quikrete
Martin Marietta Materials, Inc. (NYSE: MLM) has secured all necessary regulatory approvals for an asset exchange with Quikrete Holdings, Inc. The deal, expected to close in the fourth quarter of 2025, involves a swap of significant operations between the two building materials giants.
Martin Marietta will acquire aggregates operations with an annual production of approximately 20 million tons across Virginia, Missouri, Kansas, and Vancouver, British Columbia. Additionally, the company will receive $450 million in cash from Quikrete. In exchange, Quikrete will gain Martin Marietta's Midlothian cement plant, associated cement terminals, and ready-mixed concrete assets in North Texas.
Martin Marietta's Specialties business, which provides high-purity magnesia and dolomitic lime products, will remain unaffected by this transaction. The company continues to serve diverse industries worldwide with these products.
The asset exchange, subject to customary closing conditions, is set to strengthen both companies' portfolios. Martin Marietta expands its aggregates footprint, while Quikrete bolsters its cement and concrete assets. The transaction is expected to close in the fourth quarter of 2025.
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