Martin Marietta Materials said on August 3, 2025 it entered into an Equity and Asset Exchange Agreement with Quikrete Holdings, Inc. Under the agreement, the company will exchange its assets primarily related to its cement and ready-mix concrete operations for Quikrete's assets primarily related to its aggregates operations and $450 million in cash.

1. 01

   Martin Marietta Materials said on August 3, 2025 it entered into an Equity and Asset Exchange Agreement with Quikrete Holdings, Inc. Under the agreement, the company will exchange its assets primarily related to its cement and ready-mix concrete operations for Quikrete's assets primarily related to its aggregates operations and $450 million in cash.

2. 02

   Martin Marietta Materials said it will transfer to Quikrete its assets primarily related to its cement and ready-mix concrete operations at its Midlothian cement plant and North Texas ready-mix concrete sites.

3. 03

   The company said it will exchange its cement business assets for Quikrete's assets primarily related to its aggregates operations at its aggregates sites in Virginia, Missouri, Kansas and Western Canada and $450 million in cash.

4. 04

   Martin Marietta Materials said each party's obligation to consummate the transaction is conditioned upon the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Act and the receipt of regulatory approval pursuant to the Competition Act (Canada). The company said it has the right to terminate the agreement if the closing has not occurred on or prior to August 3, 2026, subject to one 3-month extension if all conditions to closing other than those relating to the regulatory approvals have been satisfied.

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