Martin Marietta sells two quarries, acquires CRH business

By |  June 25, 2018

Nye

Martin Marietta completed the divestitures required in connection with its acquisition of Bluegrass Materials.

Martin Marietta sold its Forsyth quarry north of Atlanta earlier this year and, more recently, Bluegrass’ Beaver Creek quarry in western Maryland – both for cash.

Martin Marietta also acquired CRH Americas‘ Mallard Sand & Gravel business in Omaha, Nebraska. This business consists of sand and gravel operations as well as a permitted greenfield site, and will add about 30 million tons of aggregate reserves.

The Federal Trade Commission required CRH to divest these two assets as part of its acquisition of Ash Grove Cement.

“We are pleased to conclude the DOJ’s Hart-Scott-Rodino process related to our acquisition of Bluegrass Materials,” says Ward Nye, chairman, president and CEO of Martin Marietta. “Additionally, we are delighted to augment our Midwest business with the addition of Mallard Sand & Gravel and to welcome those employees to our company. These endeavors, all entirely consistent with our strategic plan and capital allocation priorities, better position us to continue to deliver both near- and long-term enhanced shareholder value.”

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