Four Decades for Justice
July 15, 2021
Cravath represented Martin Marietta Materials, Inc. in connection with its $2.5 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. Proceeds of the offering will be used to finance the pending acquisition of Lehigh Hanson, Inc.’s West Region Business. The transaction closed on July 2, 2021.
The Cravath team included partner Joseph D. Zavaglia and associate Benjamin G. Joseloff on capital markets matters, partner Christopher K. Fargo and associate Richard Bohm on tax matters, and associates Anna Mikaelyan and Laura S. Lee on executive compensation and benefits matters. Luke A. Martin also worked on capital markets matters and Tristan Baylor also worked on tax matters.
Deals & Cases
February 12, 2024
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
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
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.
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