The acquisition expands Martin Marietta’s lime and industrial minerals portfolio in a cash-and-stock deal valued at $13.5 billion.
Martin Marietta Materials (MLM) will acquire Lhoist North America in a $13.5 billion cash-and-stock transaction. The deal aims to bolster the company’s presence in lime and industrial minerals markets.
The transaction follows Martin Marietta’s strategy to expand its building materials footprint. Shares of MLM fell 3.5% in premarket trading after the announcement.
The acquisition includes assets that complement Martin Marietta’s existing operations, though no immediate market reaction details were disclosed beyond the stock decline.