Martin Marietta has completed the divestitures required for its acquisition of Bluegass Materials. The company has sold Bluegass’ Beaver Creek quarry in Western Maryland and its Forsyth quarry north of Atlanta for cash.
Additionally, Martin Marietta has acquired CRH America’s (CRH) Mallard Sand & Gravel business in Nebraska which also comprises a permitted greenfield site. The transaction will add around 30 million tons of aggregates reserves.
Ward Nye, chairman, president and CEO of Martin Marietta, says these endeavours are consistent with the company’s strategic plan to deliver near- and long-term enhanced shareholder value.
The Federal Trade Commission required CRH to divest these assets following its acquisition of Ash Grove Cement.
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