M&A Deal Summary

Eagle Materials Acquires Martin Marietta - Cement Import Business

On May 3, 2023, Eagle Materials acquired building materials company Martin Marietta - Cement Import Business from Martin Marietta

Acquisition Highlights
  • This is Eagle Materials’ 3rd transaction in the Building Materials sector.
  • This is Eagle Materials’ 5th transaction in the United States.
  • This is Eagle Materials’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2023-05-03
Target Martin Marietta - Cement Import Business
Sector Building Materials
Buyer(s) Eagle Materials
Sellers(s) Martin Marietta
Deal Type Divestiture

Target

Martin Marietta - Cement Import Business

Raleigh, North Carolina, United States
Martin Marietta's Cement Import Business and distribution business in Northern California, which includes its cement terminal in Stockton and also strengthen distribution reach across heartland US cement manufacturing system. Martin Marietta's Cement Import Business is based in Raleigh, North Carolina.

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Buyer(S) 1

Buyer

Eagle Materials

Dallas, Texas, United States
Category Company
Founded 1963
Sector Building Materials
Employees2,600
Revenue 2.3B USD (2024)
DESCRIPTION

Eagle Materials is a diversified producer of basic building materials used in residential, industrial, commercial and infrastructure construction and in oil and gas production. Eagle Materials was incorporated in 1963 and is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 6
Sector (Building Materials) 3 of 4
Type (Divestiture) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 5 of 6
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 Kosmos Cement

Louisville, Kentucky, United States

Kosmos Cement Co. is a producer of nearly 1.7 million tons of cement annually. Kosmos Cement is based in Louisville, Kentucky.

Buy $665M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 Bullskin Stone

Mt. Pleasant, Pennsylvania, United States

Bullskin Stone is a pure-play aggregates business that serves the Pittsburgh and broader Western Pennsylvania markets. Bullskin Stone is based in Mt. Pleasant, Pennsylvania.

Buy $153M

Seller(S) 1

SELLER

Martin Marietta

Raleigh, North Carolina, United States
Category Company
Founded 1939
Sector Building Materials
Employees9,400
Revenue 6.8B USD (2023)
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 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Lehigh Hanson’s West Region Business

Texas, United States

Lehigh Hanson’s West Region Business provides a new upstream materials-led growth platform across several of the nation’s largest and fastest-growing megaregions in California and Arizona.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Albert Frei & Sons

Idaho Springs, Colorado, United States

Albert Frei & Sons is an aggregates producer that offers sand, gravel, and crushed stone to the Denver metropolitan region. Albert Frei & Sons was formed in 1962 and is based in Idaho Springs, Colorado.

Buy -
Mergr

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