Martin Marietta Materials entered into a definitive equity and asset exchange agreement with Quikrete Holdings in the USA. Under the terms of the agreement, Martin Marietta (MLM) will receive about 20 Mta aggregates operations in Virginia, Missouri, Kansas and Vancouver and British Columbia, as well as $450 million in cash. In exchange, Quikrete will receive the MLM’s North Texas cement operations with the Midlothian cement plant (photo) and related cement terminals and ready-mixed concrete assets. The South Texas cement operations of MLM were acquired by CRH in February 2024. This strategic move is expected to impact Martin Marietta’s operations by shifting its focus more towards aggregates. The transaction is expected to close in the 1Q 2026, subject to regulatory approvals.