# Grupo UNACEM acquires Martin Marietta Southern California Cement for $315M

Peruvian-based Grupo UNACEM finalized the acquisition of 100% shares of Martin Marietta Southern California Cement, LLC for $315 million. The acquisition includes an integrated clinker and cement operation in Tehachapi, California.

- Type: Acquisition
- Announced: 2023-11-01
- Where: Tehachapi, California, United States
- Value: $315.0M
- Jobs: 115
- Status: completed
- Capacity: 1 million short tons of cement and 940,000 short tons of clinker per year
- Products: cement, clinker
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Martin Marietta Materials](https://endata.com/companies/25131.md) (target)
- [Martin Marietta Southern California Cement](https://endata.com/companies/72278.md) (target)
- [Grupo UNACEM](https://endata.com/companies/73425.md) (acquirer)
- [Drake Cement LLC](https://endata.com/companies/73476.md) (partner)

## Sources

- [grupounacem.com](https://grupounacem.com/en/noticias/news-1/), 2023-11-01: "Peruvian-based Grupo UNACEM announced the closing of the acquisition of all the shares of Martin Marietta Southern California Cement, LLC."
- [cemnet.com](https://www.cemnet.com/News/story/175839/grupo-unacem-completes-tehachapi-acquisition.html), 2023-11-03: "Grupo UNACEM has successfully completed the acquisition of the 0.9Mta Tehachapi integrated cement plant, located in California, USA."

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