Martin Marietta Materials entered into a definitive agreement with Quikrete Holdings, Inc. for a strategic asset exchange on August 3, 2025. Under the terms, Martin Marietta will acquire aggregates operations producing approximately 20 million tons annually across Virginia, Missouri, Kansas, and Vancouver, British Columbia, along with $450 million in cash. In exchange, Quikrete will receive Martin Marietta’s Midlothian cement plant, related cement terminals, and North Texas ready-mixed concrete assets.
This asset exchange is designed to create a higher-margin enterprise that is increasingly aggregates-led, aiming for a more durable and resilient earnings profile through economic cycles. The transaction is expected to close in the first quarter of 2026, pending regulatory approvals and other customary closing conditions.
Additionally, on July 25, 2025, Martin Marietta completed the acquisition of Premier Magnesia, LLC, a privately-owned producer of magnesia-based products with operations in Nevada, North Carolina, Indiana, and Pennsylvania. This acquisition enhances Martin Marietta’s position as the leading producer of natural and synthetic magnesia-based products in the United States and is expected to be earnings-accretive.
The company also provided a preview of its second-quarter 2025 results, expecting revenues of $1.81 billion, net earnings attributable to Martin Marietta of $328 million, and Adjusted EBITDA of $630 million. Based on these strong first-half results and current trends, Martin Marietta is raising its full-year 2025 Adjusted EBITDA guidance to $2.30 billion at the midpoint, reflecting contributions from the Premier acquisition.
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