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News & Insights

Martin Marietta’s Exchange of Assets with Quikrete and Acquisition of Premier

August 04, 2025

On August 4, 2025, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that it has entered into a definitive agreement with Quikrete Holdings, Inc. (“Quikrete”) for the exchange of certain assets. Under the terms of the agreement, Martin Marietta will receive aggregates operations producing approximately 20 million tons annually in Virginia, Missouri, Kansas and Vancouver, British Columbia, as well as $450 million of cash. In exchange, Quikrete will receive Martin Marietta’s Midlothian cement plant, related cement terminals and North Texas ready‑mixed concrete assets.

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.

Cravath is representing Martin Marietta in connection with the transactions.

The Cravath team representing Martin Marietta in connection with its exchange of assets with Quikrete is led by partners Robert I. Townsend III, George F. Schoen and Matthew G. Jones and includes associates Maria Ricaurte, W. Peter Kim and Michael W. A. Greenfeld and foreign associate attorney Mikkel Dreyer Videbaek on M&A matters; partners Christopher K. Fargo and Arvind Ravichandran and associates Carlos Nicholas Obando and Carolyn Liziewski on tax matters; partner Matthew J. Bobby, of counsel Sarah W. Colangelo and foreign associate attorney Andreas Kaletsch on executive compensation and benefits matters; senior attorney Joyce Law and practice area attorneys Brian M. Budnick and Lauren Piechocki on real estate matters; partner Matthew Morreale and senior attorney Annmarie M. Terraciano on environmental matters; and partner Sasha Rosenthal-Larrea, senior attorney Carys J. Webb and associate Vincent Joralemon on intellectual property matters.

The Cravath team representing Martin Marietta in connection with its acquisition of Premier is led by partners Matthew G. Jones and George F. Schoen and includes associates W. Peter Kim, Asher Kalman and Y. Amy Chun on M&A matters; partner Christopher K. Fargo and associate Carolyn Liziewski on tax matters; partner Matthew J. Bobby, associate Oscar Porter and foreign associate attorney Andreas Kaletsch on executive compensation and benefits matters; senior attorney Joyce Law and practice area attorney Brian M. Budnick on real estate matters; partner Matthew Morreale, senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; and partner Sasha Rosenthal‑Larrea, senior attorney Carys J. Webb and foreign associate attorney Shogo Tsunoda on intellectual property matters. Summer associate Daniel W. Kim also worked on M&A matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Tax
  • Executive Compensation and Benefits
  • Environmental
  • Intellectual Property
  • Industrials and Chemicals

People

Photo
Name
Robert I. Townsend III
Title
Corporate
Title
Partner
Email
rtownsend@cravath.com
Phone
+1-212-474-1964
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    Education

    • J.D., 1990, Harvard Law School
      magna cum laude
    • A.B., 1987, Harvard College
      magna cum laude

    Admitted In

    • New York
    Photo
    Name
    George F. Schoen
    Title
    Corporate
    Title
    Partner
    Email
    gschoen@cravath.com
    Phone
    +1-212-474-1740
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      Education

      • J.D., 1998, University of Chicago Law School
        with Honors
      • B.A., 1994, Cornell University

      Admitted In

      • New York
      Photo
      Name
      Matthew G. Jones
      Title
      Corporate
      Title
      Partner
      Email
      mjones@cravath.com
      Phone
      +1-212-474-1298
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        Education

        • J.D., 2013, Columbia Law School
          Harlan Fiske Stone Scholar; James Kent Scholar
        • B.A., 2010, Cornell University

        Admitted In

        • New York
        Photo
        Name
        Christopher K. Fargo
        Title
        Tax
        Title
        Partner
        Email
        cfargo@cravath.com
        Phone
        +1-212-474-1236
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          Education

          • J.D., 2006, Columbia Law School
            Harlan Fiske Stone; Michael Lynne Scholar
          • B.A., 2003, Boston College
            Honors Program, cum laude

          Admitted In

          • New York
          Photo
          Name
          Arvind Ravichandran
          Title
          Tax
          Title
          Partner
          Email
          aravichandran@cravath.com
          Phone
          +1-212-474-1033
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            Education

            • J.D., 2012, Columbia Law School
            • B.A., 2009, Columbia College

            Admitted In

            • New York
            Photo
            Name
            Matthew J. Bobby
            Title
            Executive Compensation and Benefits
            Title
            Partner
            Email
            mbobby@cravath.com
            Phone
            +1-212-474-1128
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              Education

              • J.D., 2012, Harvard Law School
                magna cum laude
              • M.A., 2009, University of Pennsylvania
              • B.A., 2009, University of Pennsylvania
                Phi Beta Kappa, summa cum laude

              Admitted In

              • New York
              Photo
              Name
              Matthew Morreale
              Title
              Corporate
              Title
              Partner
              Email
              mmorreale@cravath.com
              Phone
              +1-212-474-1534
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                Education

                • J.D., 1997, Columbia Law School
                  Harlan Fiske Stone Scholar
                • M.S., 1994, University of Pennsylvania
                • B.A., 1990, University of Pennsylvania
                • B.A.S., 1990, University of Pennsylvania

                Admitted In

                • New York
                Photo
                Name
                Sasha Rosenthal-Larrea
                Title
                Corporate
                Title
                Partner
                Email
                srosenthal-larrea@cravath.com
                Phone
                +1-212-474-1967
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                  Education

                  • J.D., 2010, Columbia Law School
                    Harlan Fiske Stone Scholar
                  • A.B., 2007, Brown University

                  Admitted In

                  • New York
                  Photo
                  Name
                  Sarah W. Colangelo
                  Title
                  Executive Compensation and Benefits
                  Title
                  Of Counsel
                  Email
                  scolangelo@cravath.com
                  Phone
                  +1-212-474-1254
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                    Education

                    • J.D., 2014, Georgetown University Law Center
                      Order of the Coif, magna cum laude
                    • B.A., 2007, Duke University
                      Phi Beta Kappa, summa cum laude

                    Admitted In

                    • New York
                    Photo
                    Name
                    Joyce Law
                    Title
                    Corporate
                    Title
                    Senior Attorney
                    Email
                    jlaw@cravath.com
                    Phone
                    +1-212-474-1066
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                      Education

                      • J.D., 1997, Boston University School of Law
                      • B.Comm., 1994, University of Alberta
                        Distinction

                      Admitted In

                      • New York
                      Photo
                      Name
                      Annmarie M. Terraciano
                      Title
                      Corporate
                      Title
                      Senior Attorney
                      Email
                      aterraciano@cravath.com
                      Phone
                      +1-212-474-1366
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                        Education

                        • J.D., 1998, Columbia Law School
                          Harlan Fiske Stone Scholar
                        • M.S., 1994, University of Wisconsin - Madison
                        • B.A., 1989, Wellesley College
                          cum laude

                        Admitted In

                        • New York
                        Photo
                        Name
                        Carys J. Webb
                        Title
                        Corporate
                        Title
                        Senior Attorney
                        Email
                        cwebb@cravath.com
                        Phone
                        +1-212-474-1249
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                          Education

                          • J.D., 2017, Harvard Law School
                          • B.A., 2012, Yale College

                          Admitted In

                          • New York
                          Photo
                          Name
                          Brian M. Budnick
                          Title
                          Corporate
                          Title
                          Practice Area Attorney
                          Email
                          bbudnick@cravath.com
                          Phone
                          +1-212-474-1914
                          vCard
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                            Education

                            • J.D., 2011, Benjamin N. Cardozo School of Law
                              cum laude
                            • B.A., 2006, University of Virginia

                            Admitted In

                            • New York
                            Name
                            Lauren Piechocki
                            Title
                            Corporate
                            Title
                            Practice Area Attorney
                            Email
                            lpiechocki@cravath.com
                            Phone
                            +1-212-474-1875
                            vCard
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                              Education

                              • J.D., 2012, Hofstra University School of Law
                              • B.A., 2005, Syracuse University
                                Dean's Scholar Maxwell Citizen Education Conference Scholar, cum laude

                              Admitted In

                              • New York

                              Related News & Insights

                              Deals & Cases

                              November 18, 2024

                              Martin Marietta Materials, Inc.’s $1.5 Billion Registered Senior Notes Offering

                              Cravath represented Martin Marietta Materials, Inc. in connection with its $1.5 billion registered senior notes offering. Martin Marietta Materials, Inc. is a leading supplier of aggregates and heavy building materials for the construction industry in the United States. The transaction closed on November 4, 2024.

                              Deals & Cases

                              February 12, 2024

                              Martin Marietta’s $2.05 Billion Acquisition of Aggregates Operations from Affiliates of BWI Southeast

                              On February 12, 2024, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that on February 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (“BWI Southeast”) for $2.05 billion in cash. Additionally, on February 9, 2024, Martin Marietta completed its previously announced divestiture of its South Texas cement and related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash. Cravath is representing Martin Marietta in connection with the transactions.

                              Deals & Cases

                              November 21, 2023

                              Martin Marietta’s $2.1 Billion Sale of its South Texas Cement and Related Concrete Operations to CRH plc

                              On November 21, 2023, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that it has entered into a definitive agreement to sell its South Texas cement business and certain of its related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash. Cravath is representing Martin Marietta in connection with the transaction.

                              Deals & Cases

                              August 24, 2023

                              Martin Marietta’s Sale of Certain West Coast Cement Operations to UNACEM Corp S.A.A.

                              On August 24, 2023, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that it has entered into a definitive agreement to sell the Tehachapi, California cement plant to UNACEM Corp S.A.A. for $317 million in cash. Cravath is representing Martin Marietta in connection with the transaction.

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