Four Decades for Justice
November 21, 2023
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.
The Cravath team is led by partners Robert I. Townsend III and George F. Schoen and includes associates Edward O. Minturn, Patrick S. Taylor and Christopher G. Doherty on M&A matters; partners Joseph D. Zavaglia and Kelly M. Smercina and associate J. Elizabeth Allan on capital markets matters; partner Christopher K. Fargo, of counsel Kiran Sheffrin and associates Carlos Nicholas Obando and Christopher M. Winters on tax matters; partner Matthew J. Bobby, of counsel Sarah W. Colangelo and associate Celine Li on executive compensation and benefits matters; partner Matthew Morreale, senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; senior attorney Joyce Law and practice area attorneys Brian M. Budnick and Lauren Piechocki on real estate matters; of counsel Benjamin G. Joseloff on regulatory matters; and practice area attorney Nicole M. Peles on antitrust matters. Priya Patel also worked on M&A matters and Jessica Shung also worked on tax matters.
Deals & Cases
August 24, 2023
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.
Deals & Cases
August 09, 2022
On August 9, 2022, Martin Marietta Materials, Inc. (“Martin Marietta”) announced it has entered into a definitive agreement to sell the Tehachapi, California cement plant and related distribution terminals to CalPortland Company for $350 million in cash. Cravath is representing Martin Marietta in connection with the transaction.
Deals & Cases
March 01, 2022
On March 1, 2022, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that it has entered into a definitive agreement to sell certain West Coast cement and ready mixed concrete operations to CalPortland Company for $250 million in cash. The operations include the Redding cement plant, related cement distribution terminals and 14 ready mixed concrete plants located in California. Cravath is representing Martin Marietta in connection with the transaction.
Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.
Attorney Advertising. © 2023 Cravath, Swaine & Moore LLP.