Eagle Materials purchases Martin Marietta asset

Eagle Materials completed the acquisition of Martin Marietta’s cement import and distribution business in northern California.

The deal includes Martin Marietta’s cement terminal in Stockton, California.

“Our Nevada cement operations have longstanding customer relationships in northern California, and this acquisition will uniquely position us to better serve these and new customers with complementary imported product,” says Michael Haack, president and CEO of Eagle Materials. “Our entire cement system is currently ‘sold out,’ and this acquisition will enable us to more actively participate in the strong U.S. demand environment.

“Our experience as a cement importer elsewhere in the U.S. is a transferrable expertise at Eagle, and we expect a smooth ownership transition,” Haack adds.