# Martin Marietta to acquire Bluegrass Materials for $1.625 billion

Martin Marietta Materials has entered into a definitive agreement to acquire Bluegrass Materials Company for $1.625 billion in cash. Bluegrass is the largest privately-held pure-play aggregates company in the US, operating 23 active sites.

- Type: Acquisition
- Announced: 2017-06-26
- Where: Georgia, South Carolina, Maryland, Kentucky, Tennessee, United States
- Value: $1.63B
- Status: announced
- Products: aggregates
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Martin Marietta Materials](https://endata.com/companies/25131.md) (acquirer)
- [Bluegrass Materials Company](https://endata.com/companies/25132.md) (target)
- [Panadero Aggregates Holdings](https://endata.com/companies/25157.md) (partner)

## Sources

- [streetinsider.com](https://www.streetinsider.com/Corporate+News/Martin+Marietta+Materials+%28MLM%29+to+Acquire+Bluegrass+Materials+for+%241.63B+in+Cash/13042772.html), 2017-06-26: "Martin Marietta Materials, Inc. (NYSE: MLM) and Bluegrass Materials Company today announced that they have entered into a definitive agreement ..."
- [ir.martinmarietta.com](https://ir.martinmarietta.com/news-releases/news-release-details/martin-marietta-announces-acquisition-bluegrass-materials), 2017-06-26: "The acquisition of Bluegrass directly aligns with our long-term strategic growth plan."
- [newsobserver.com](https://www.newsobserver.com/news/business/article158216424.html), 2017-06-26: "Bluegrass greatly expands Martin's already strong position in the southeastern part of the U.S."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.