On October 1, Taiheyo Cement USA, Inc. and CalPortland Company announced that, on 30 September, the purchase of certain Riverside cement business assets in California from Martin Marietta Materials Inc. was successfully completed. The assets identified in the purchase included the Oro Grande Cement Facility and two rail sided product distribution terminals located in National City, CA and Stockton, CA.
Taiheiyo Cement, which owns CalPortland, announced the purchase in August, describing its plan to enhance its presence in the Pacific Rim by attaining sufficient business scale and increasing foreign trade. The acquisition of Martin Marietta’s Oro Grande plant will replace the lost cement production from the Colton plant and increases supply to the California, Arizona and Nevada region.
Edited from source by Rebecca Bowden
Read the article online at: https://www.worldcement.com/the-americas/05102015/calportland-completes-purchase-of-martin-mariettas-cement-plant-718/