Martin Marietta-Bluegrass officially a done deal

By |  April 30, 2018

Bluegrass Materials’ Medford Quarry in Maryland. Photo courtesy of Bluegrass Materials

Martin Marietta completed its previously announced acquisition of Bluegrass Materials Co., the largest privately held, pure-play aggregate company in the United States, for $1.625 billion in cash.

The transaction, which closed on April 27, provides a portfolio of more than 125 years of strategically located, high-quality reserves across Georgia, South Carolina, Maryland, Kentucky and Tennessee.

“We are pleased to complete the Bluegrass acquisition and welcome a talented group of new employees to the Martin Marietta team,” says Ward Nye, chairman, president and CEO of Martin Marietta. “The acquisition, wholly consistent with our long-term strategic growth plan, enhances our aggregates-led position in high-growth Southeastern and Mid-Atlantic regions and expands our product offerings to both new and existing customers. Bluegrass’ strategic assets and impressive cost profile, combined with the depth and excellence of its personnel, strengthen our ability to deliver significant value for shareholders, customers and employees.”

Martin Marietta also reached an agreement with the U.S. Department of Justice, which has been submitted to the United States District Court for the District of Columbia as a proposed court order. The agreement, embodied in the proposed order, resolves all competition issues with respect to the acquisition.

Under the terms of the agreement with the DOJ, Martin Marietta divested its Forsyth Quarry north of Atlanta and will divest Bluegrass’ Beaver Creek Quarry in western Maryland.

Check out an analysis of the purchase here.

Kevin Yanik

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or

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