Martin marietta and quikrete to exchange certain cement and concrete assets for aggregates assets; company also completes acquisition of premier magnesia, llc; previews second quarter 2025 earnings and raises full-year guidance

Raleigh, n.c., aug. 04, 2025 (globe newswire) -- martin marietta materials, inc. (nyse: mlm) (martin marietta or the company), today announced that it has entered into a definitive agreement with quikrete holdings, inc. (quikrete) for the exchange of certain assets. under the terms of the agreement, martin marietta will receive aggregates operations producing approximately 20 million tons annually in virginia, missouri, kansas and vancouver, british columbia, as well as $450 million of cash. in exchange, quikrete will receive the company's midlothian cement plant, related cement terminals and north texas ready-mixed concrete assets. the transaction is expected to close in the first quarter of 2026, subject to regulatory approvals and other customary closing conditions.
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