MLM · 10-Q · 2026Q3 · Full report
Acquisition / Partnership / Divestiture
MARTIN MARIETTA MATERIALS INC · 2026-11-04 · Importance 71 · Surprise 60 · In source text
On August 21, 2026, Martin Marietta completed its $12.9 billion acquisition of Lhoist North America (LNA), paying $7.0 billion in cash and issuing 10,953,543 shares valued at $5.9 billion. LNA operates 20 quarries and production facilities and 45 distribution terminals and is included in the Specialties segment. On February 23, 2026, the Company completed an asset exchange with QUIKRETE, acquiring operations with approximately 20 million tons of annual aggregates capacity in Virginia, Missouri, Kansas and Vancouver, plus a Vancouver asphalt and paving business and $450 million cash. QUIKRETE received the Midlothian cement plant and terminals, Texas ready mixed concrete assets and certain nonoperating land; those operations were classified as discontinued through the divestiture date, producing a $1.4 billion after-tax gain in 2026.
Key facts
- On February 23, 2026, Martin Marietta completed its asset exchange with QUIKRETE, acquiring operations producing approximately 20 million tons of aggregates annually in Virginia, Missouri, Kansas and Vancouver, British Columbia, an asphalt and paving business in Vancouver, and $450 million in cash. source
- On August 21, 2026, Martin Marietta completed its $12.9 billion business combination with Lhoist North America, Inc.; consideration was $7.0 billion cash and 10,953,543 newly issued common shares valued at $5.9 billion. source
- The Midlothian cement plant, related cement terminals and Texas ready mixed concrete assets generated $1.4 billion of earnings, net of income tax expense, in 2026, including a $1.4 billion after-tax gain on divestiture. source
- In the QUIKRETE asset exchange, QUIKRETE acquired Martin Marietta’s Midlothian cement plant, related cement distribution terminals, Texas ready mixed concrete assets and certain nonoperating land; those businesses were reported as discontinued operations through the divestiture date. source
- Following the QUIKRETE exchange, Martin Marietta updated its reportable segments effective March 31, 2026: Building Materials comprises East Group (East and Southwest divisions) and West Group (Central and West divisions). source
- LNA’s operations, comprising a network of 20 quarries and production facilities and 45 distribution terminals, are reported in Martin Marietta’s Specialties segment. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +59.1% | The Midlothian cement plant, related cement terminals and Texas ready mixed concrete assets generated $1.4 billion of earnings, net of… |
| cash | negative | realized | -18.9% | On August 21, 2026, Martin Marietta completed its $12.9 billion business combination with Lhoist North America, Inc.; consideration was… |
| cash | positive | realized | +1.2% | On February 23, 2026, Martin Marietta completed its asset exchange with QUIKRETE, acquiring operations producing approximately 20 million… |
| revenue | positive | realized | — | On February 23, 2026, Martin Marietta completed its asset exchange with QUIKRETE, acquiring operations producing approximately 20 million… |