Skip to main content

Martin Marietta buys Bluegrass Materials Co.

Published by
World Cement,

Martin Marietta Materials, a leading North American supplier of building materials, is to buy Bluegrass Materials Co. in a deal valued at US$1.625 billion. Bluegrass is the largest private pure-play aggregates company in the US, operating sites in Georgia, South Carolina, Maryland, Kentucky, and Tennessee.

The acquisition will “complement Martin Marietta’s existing southeastern footprint, while expanding the range of products that can be provided,” the company said in a statement. Bluegrass also provides Martin Marietta with a foothold in the northeast with the ability to service the markets in Baltimore, Frederick, Hagerstown, and the Maryland Eastern Shore metropolitan areas, as well as Delaware.

These areas are expected to benefit from the accelerating economic recovery in the eastern US. Current aggregates shipments in the region are 20% - 30% below peak levels.

The Bluegrass deal “directly aligns with our long-term strategic growth plan,” said Ward Nye, Chairman, president, and CEO of Martin Marietta. The transaction is expected to close in 4Q17, subject to regulatory approvals and customary closing conditions.

Read the article online at:

You might also like


KHD Technical Webinar Series

Over the coming weeks, World Cement will be hosting a series of technical webinar presentations from KHD! Each presentation will be led by industry experts and provide a detailed discussion of KHD’s product offerings to the cement industry.

Find out more and register for the series »


Martin Marietta increases quarterly cash dividend

The company has announced that its Board of Directors approved a 4% increase in its quarterly cash dividend, raising it from US$0.55 per share to US$0.57 per share on the company’s outstanding common stock.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

US cement news Aggregates news Construction news