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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Martin Marietta Materials Inc | NYSE:MLM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 5.70 | 0.99% | 579.16 | 579.87 | 569.98 | 573.71 | 283,432 | 22:24:14 |
From May 2023 to May 2024
By Anthony O. Goriainoff
CRH said it will purchase a portfolio of cement and ready-mixed concrete assets in Texas from Martin Marietta Materials for $2.1 billion.
The Irish building-materials supplier said the assets comprise a cement plant, a network of terminals located on the Gulf of Mexico, as well as a portfolio of 20 ready-mixed concrete plants.
The company said the acquisition strengthens its market position in Texas and increases its exposure to attractive and high-growth markets, adding the transaction showed significant potential to unlock additional growth opportunities in the market.
"This transaction reflects our disciplined approach to capital allocation as well as our commitment to deliver further growth and value creation for our shareholders," Chief Executive Albert Manifold said.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
November 21, 2023 02:28 ET (07:28 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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