Acquisitions · Building materials (cement)
Taiheiyo Cement's CalPortland buys Martin Marietta's California cement business for $420 million
- Buyer
- Taiheiyo Cement (via CalPortland) (Tokyo)
- Target
- Martin Marietta's California cement business, including the Oro Grande plant, California
- Value
- $420M
- Status
- Completed on September 30, 2015.
- Date
- 2015-08-04
CalPortland, the US unit of Taiheiyo Cement, bought Martin Marietta's California cement business, including the cement plant in Oro Grande, for $420 million. It was an asset purchase, and Martin Marietta announced the sale with its second-quarter results.
Why it matters
The deal added cement capacity in Southern California to CalPortland's network in the western US.
Sources
Kakehashi M&A News home
