# Ash Grove closes $2.1B purchase of Martin Marietta cement plant and terminals

Ash Grove, a CRH company, closed the purchase of Martin Marietta's South Texas business, including the Hunter cement plant in New Braunfels, Texas, with 2.1 million tons capacity, and four terminals. The $2.1 billion transaction also includes 20 concrete plants.

- Type: Acquisition
- Announced: 2024-02-28
- Where: New Braunfels, Texas, United States
- Value: $2.10B
- Status: completed
- Capacity: 2.1 million tons per year
- Products: cement, concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [CRH](https://endata.com/companies/15142.md) (investor)
- [CRH](https://endata.com/companies/15142.md) (partner)
- [Martin Marietta](https://endata.com/companies/15709.md) (target)
- [Ash Grove](https://endata.com/companies/75907.md) (acquirer)

## Sources

- [cementoptimized.com](https://cementoptimized.com/2024/02/28/ash-grove-finalizes-martin-marietta-asset-purchase/), 2024-02-28: "Ash Grove, a CRH Company, closed on purchasing a cement plant and four terminals from Martin Marietta’s South Texas business."
- [cementproducts.com](https://cementproducts.com/2024/02/28/ash-grove-finalizes-martin-marietta-asset-purchase/), 2024-02-28: "Securing these resources bolsters Ash Grove’s status in Texas and amplifies our presence in a rapidly expanding market."

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