Martin Marietta to sell cement plant to CalPortland
Martin Marietta agreed to sell its Tehachapi, California, cement plant and related distribution terminals to CalPortland Co. for $350 million.
The deal is expected to close in the first half of 2023. It is subject to regulatory approvals and other customary closing conditions, Martin Marietta says.
Martin Marietta agreed earlier this year to sell certain West Coast operations to CalPortland for $250 million.
About the Author: Jack Kopanski
Jack Kopanski is the Managing Editor of Pit & Quarry and Editor-in-Chief of Portable Plants. Kopanski can be reached at 216-706-3756 or jkopanski@northcoastmedia.net.Subscribe to Pit & Quarry
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