M&A
confidence high
sentiment positive
materiality 0.70
Eagle Materials completes acquisition of Martin Marietta's Northern California cement import business
EAGLE MATERIALS INC
- Acquisition includes Martin Marietta's Northern California cement import/distribution business and Stockton terminal.
- Nevada Cement operations will serve existing and new NorCal customers with complementary imported product.
- Eagle's cement system currently 'sold out'; acquisition enables greater participation in strong US demand.
- No financial terms of the deal were disclosed by Eagle.
- Company expects smooth transition, citing import experience elsewhere in the US.