Martin Marietta swaps cement assets for Quikrete aggregates and $450M cash

MARTIN MARIETTA MATERIALS INC

Martin Marietta transfers its Midlothian cement plant and North Texas ready-mix concrete operations to Quikrete.
Martin Marietta receives Quikrete's aggregates operations in Virginia, Missouri, Kansas, and Western Canada plus $450M.
Closing conditioned on HSR and Canadian Competition Act approvals; outside date August 3, 2026 (3-month extension possible).
Exchange includes customary reps, warranties, covenants, non-compete, and indemnification provisions.

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