Martin marietta announces acquisition of aggregates operations from affiliates of blue water industries llc; company also completes south texas cement and concrete divestiture

Raleigh, n.c., feb. 12, 2024 (globe newswire) -- martin marietta materials, inc. (nyse: mlm) (martin marietta or the company) today announced that on february 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in alabama, south carolina, south florida, tennessee, and virginia from affiliates of blue water industries llc (bwi southeast) for $2.05 billion in cash. additionally, on february 9, 2024, the company completed its previously announced divesture of its south texas cement and related concrete operations to crh americas materials, inc., a subsidiary of crh plc, for $2.1 billion in cash.
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