M&A Deal Summary

Martin Marietta Acquires Three Quarries and Granite Canyon

On June 15, 2009, Martin Marietta acquired building materials company Three Quarries and Granite Canyon from CEMEX for 65M USD

Acquisition Highlights
  • This is Martin Marietta’s 1st transaction in the Building Materials sector.
  • This is Martin Marietta’s 4th largest (disclosed) transaction.
  • This is Martin Marietta’s 1st transaction in the United States.

M&A Deal Summary
Date 2009-06-15
Target Three Quarries and Granite Canyon
Sector Building Materials
Buyer(s) Martin Marietta
Sellers(s) CEMEX
Deal Type Divestiture
Deal Value 65M USD

Target

Three Quarries and Granite Canyon

United States
The quarry operations are located at Fort Calhoun, Nebraska; Guernsey, Wyoming; and Milford, Utah. Guernsey and Milford are rail-connected quarries while Fort Calhoun ships material via barge on the Missouri River in addition to its local and long-haul truck market in Nebraska. The 49% interest purchased relates to the Granite Canyon, Wyoming, quarry where Martin Marietta is the operating manager.

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Buyer(S) 1

Buyer

Martin Marietta

Raleigh, North Carolina, United States

website

Category Company
Founded 1939
Sector Building Materials
Employees9,400
Revenue 6.2B USD (2022)
DESCRIPTION
Entrance to Martin Marietta's corporate headquarters in Raleigh, North Carolina.
Entrance to Martin Marietta's corporate headquarters in Raleigh, North Carolina.

Martin Marietta is a producer of construction aggregates and a producer of magnesia-based chemicals and dolomitic lime. Martin Marietta was formed in 1993 and is based in Raleigh, North Carolina.

DEAL STATS #
Overall 1 of 5
Sector (Building Materials) 1 of 4
Type (Divestiture) 1 of 2
Country (United States) 1 of 5
Year (2009) 1 of 1
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Texas Industries

Dallas, Texas, United States

Texas Industries, Inc. is a supplier of construction materials in the southwestern United States. The Company operates in three segments: cement, aggregates and consumer products.

Buy $3.0B

Seller(S) 1

SELLER

CEMEX

Houston,, Texas, United States

website

Category Company
Founded 1930
Sector Building Materials
Employees4,100
DESCRIPTION

CEMEX, Inc. engages in the production,marketing and exporting of building materials.It has cement plants, distribution terminals, aggregate quarries, and ready-mix plants in the United States.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Readymix

Dublin, Ireland

Readymix plc manufacture and sale of ready-mixed mortar, polypropylene fiber concrete, steel fiber concrete, and various specialized concretes and screeds

Buy -
Mergr

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