# Martin Marietta to sell Tehachapi cement plant to UNACEM for $317M

Martin Marietta Materials entered a definitive agreement to sell its Tehachapi, California cement plant to UNACEM Corp S.A.A. for $317 million in cash. The transaction is expected to close in the second half of 2023.

- Type: Acquisition
- Announced: 2023-08-24
- Where: Tehachapi, California, United States
- Value: $317.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Martin Marietta Materials](https://endata.com/companies/25131.md) (partner)
- [UNACEM Corp S.A.A.](https://endata.com/companies/72241.md) (acquirer)

## Sources

- [einpresswire.com](https://www.einpresswire.com/article/651840150/martin-marietta-to-sell-certain-west-coast-cement-operations-to-unacem), 2023-08-24: "Martin Marietta today announced that it has entered into a definitive agreement to sell the Tehachapi, California cement plant to UNACEM Corp S.A.A. for $317 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.