# Martin Marietta to sell Tehachapi cement plant to CalPortland

Martin Marietta Materials has entered into a definitive agreement to sell its Tehachapi cement plant in California and related distribution terminals to CalPortland Company for US$350 million.

- Type: Acquisition
- Announced: 2022-08-09
- Where: Tehachapi, California, United States
- Value: $350.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Martin Marietta](https://endata.com/companies/15709.md) (target)
- [Martin Marietta Materials](https://endata.com/companies/25131.md) (partner)
- [Martin Marietta Materials](https://endata.com/companies/25131.md) (target)
- [Taiheiyo Cement](https://endata.com/companies/32760.md) (investor)
- [Taiheiyo Cement](https://endata.com/companies/32760.md) (partner)
- [CalPortland](https://endata.com/companies/38179.md) (acquirer)

## Sources

- [agg-net.com](https://www.agg-net.com/news/martin-marietta-to-sell-california-cement-plant), 2022-08-09: "Martin Marietta Materials Inc. have entered into a definitive agreement to sell their Tehachapi cement plant, in California, and related distribution terminals to CalPortland Company for US$350 million in cash"
- [globalcement.com](https://www.globalcement.com/news/15155-calportland-to-acquire-tehachapi-cement-plant), 2022-08-10: "The planned acquisition of Martin Marietta Materials' assets is intended to ensure that we capture this increased demand."
- [tehachapinews.com](https://www.tehachapinews.com/news/calportland-makes-deal-to-buy-tehachapi-cement-plant/article_da5f02d0-3709-11ed-be53-4300827936fe.html), 2022-09-18: "the company announced that it has entered into a definitive agreement to sell the Tehachapi cement plant and related distribution terminals to CalPortland for $350 million in cash."

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