# UNACEM to acquire Tehachapi cement plant from Martin Marietta

Peru-based UNACEM has agreed to acquire Martin Marietta Materials' Tehachapi cement plant in California for $317 million. The deal is expected to close in mid-late 2023.

- Type: Acquisition
- Announced: 2023-08-25
- Where: Tehachapi, California, United States
- Value: $317.0M
- Status: announced
- Capacity: 1 million short tons of cement per year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Martin Marietta Materials](https://endata.com/companies/25131.md) (target)
- [Unacem](https://endata.com/companies/35883.md) (acquirer)
- [Martin Marietta Southern California Cement](https://endata.com/companies/72278.md) (target)

## Sources

- [globalcement.com](https://www.globalcement.com/news/16862-unacem-to-acquire-tehachapi-cement-plant-from-martin-marietta-materials), 2023-08-25: "UNACEM has entered into a definitive agreement with Martin Marietta Materials to acquire its Tehachapi cement plant in California."
- [ceramics.org](https://ceramics.org/ceramic-glass-manufacturing-weekly/ceramic-and-glass-business-news-of-the-week-265/), 2023-08-28: "Unacem, Peru’s largest cement company, acquired a U.S. cement plant from Martin Marietta Southern California Cement for US$317 million."

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