Martin Marietta Materials Inc.
Martin Marietta and Quikrete Announce Major Asset and Equity Exchange
Summary
On August 3, 2025, Martin Marietta Materials, Inc. entered into an agreement with Quikrete Holdings, Inc. to exchange assets primarily related to their cement and aggregates businesses for $450 million in cash. The Transaction is subject to regulatory approvals and other customary closing conditions, with a potential closing date of August 3, 2026. The Exchange Agreement includes indemnification provisions and customary representations, warranties, and covenants.
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About Martin Marietta Materials Inc.
Martin Marietta Materials Inc. is a leading supplier of building materials, primarily aggregates like crushed stone, sand, and gravel, as well as cement and concrete products in the United States. Its primary purpose is to support the construction industry by providing essential raw materials used in infrastructure projects, commercial and residential construction, and the development of public works like roads, bridges, and airports. Martin Marietta Materials is heavily involved in sectors such as construction, transportation, and energy, where its products are critical for foundational building and maintenance. The company plays a significant role in regional and national economic development, given the essential nature of its offerings in the construction and infrastructure sectors. With a broad geographic footprint and a diverse product line, Martin Marietta Materials holds a strategic position within the market, contributing to the durability and growth of urban and rural communities alike.
Official SEC Documents
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