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Martin Marietta Materials completed an asset exchange with Quikrete Holdings, acquiring aggregates operations producing ~20 million tons annually in Virginia, Missouri, Kansas and Vancouver, plus $450 million cash, in exchange for its Midlothian cement plant, related terminals and Texas ready-mixed concrete assets.
“This portfolio-enhancing transaction establishes new growth platforms in key SOAR-target markets while further strengthening our differentiated Central Division footprint.”barchart.com
Summarized from public sources; check the original articles before acting on it.