Martin Marietta acquires Lehigh Hanson’s West Area enterprise for $2.3 billionadmin
Martin Marietta Supplies has entered right into a definitive settlement underneath which Martin Marietta will purchase Lehigh Hanson, Inc.’s West Area enterprise for $2.3 billion in money.
Lehigh West Area supplies the corporate with a brand new upstream materials-led development platform throughout a number of of the nation’s largest and quickest rising megaregions in California and Arizona.
The acquisition, which is according to and advances the corporate’s SOAR (Strategic Working Evaluation and Evaluation) 2025 plan, contains 17 lively aggregates quarries, two cement crops with associated distribution terminals, and focused downstream operations. Following the closing, Martin Marietta could have a coast-to-coast geographic footprint with expanded product choices.
Martin Marietta expects the transaction to shut within the second half of 2021.