Martin Marietta Completes Divestiture of Colorado and Central Texas Ready Mixed Concrete Operations
01 Aprile 2022 - 7:52PM
Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or
the “Company”) today announced that it has completed the
previously-announced divestiture of its Colorado and Central Texas
ready mixed concrete operations to Smyrna Ready Mix Concrete LLC.
Ward Nye, Chairman, President and CEO of Martin
Marietta, stated, “We are grateful to the skilled workforce at
these operations for their contributions to Martin Marietta. As
previously indicated, the sale of these downstream assets is
consistent with our strategic plan, and we expect the proceeds to
be used in a manner that is aligned with our clearly articulated
capital allocation priorities that will put us in a position to
continue to deliver both near- and long-term enhanced shareholder
value.”
About Martin Marietta
Martin Marietta, a member of the S&P 500
Index, is an American-based company and a leading supplier of
building materials, including aggregates, cement, ready mixed
concrete and asphalt. Through a network of operations spanning 28
states, Canada and The Bahamas, dedicated Martin Marietta teams
supply the resources for building the solid foundations on which
our communities thrive. Martin Marietta’s Magnesia Specialties
business produces high-purity magnesia and dolomitic lime products
used worldwide in environmental, industrial, agricultural and
specialty applications. For more information, visit
www.martinmarietta.com or www.magnesiaspecialties.com.
Investor Contact: Suzanne
OsbergVice President, Investor Relations (919)
783-4691Suzanne.Osberg@martinmarietta.com
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