Martin Marietta Materials announced on October 2, 2025, that it has received all necessary regulatory approvals for its previously announced asset exchange with Quikrete Holdings, Inc. This critical milestone clears the path for the transaction to proceed, removing a significant regulatory hurdle.
Under the terms of the agreement, Martin Marietta will acquire aggregates operations with an annual production of approximately 20 million tons 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, associated cement terminals, and ready-mixed concrete assets in North Texas.
The completion of regulatory approvals means the transaction is now expected to close in the fourth quarter of 2025, an acceleration from the previously anticipated first quarter of 2026. This strategic asset exchange is central to Martin Marietta's ongoing efforts to optimize its portfolio and enhance its aggregates-led business model.
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