Martin Marietta’s Sale of Certain West Coast Cement Operations to UNACEM Corp S.A.A.
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.
The Cravath team is led by partner George F. Schoen and includes associates Jason L. Zhang and Kelsey L. Laabs on M&A matters; partner Christopher K. Fargo and associates Carlos Nicholas Obando, Joana W. Li and Christopher M. Winters on tax matters; partner Matthew J. Bobby, senior attorney Arian Mossanenzadeh and associate Molly E. Nichols 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; and of counsel Benjamin G. Joseloff on regulatory matters. Shoumick M. Hasan also worked on M&A matters.
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People
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J.D., 1998, University of Chicago Law Schoolwith Honors
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B.A., 1994, Cornell University
- New York
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J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
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B.A., 2003, Boston CollegeHonors Program, cum laude
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J.D., 2012, Harvard Law Schoolmagna cum laude
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M.A., 2009, University of Pennsylvania
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B.A., 2009, University of PennsylvaniaPhi Beta Kappa, summa cum laude
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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
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J.D., 2008, Stanford Law SchoolPro Bono Distinction
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B.A., 2004, New York UniversityPhi Beta Kappa, summa cum laude
- New York
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J.D., 2013, University of Virginia School of Law
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B.A., 2008, University of Washingtonwith Distinction, Phi Beta Kappa, magna cum laude
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J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Wisconsin - Madison
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B.A., 1989, Wellesley Collegecum laude
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J.D., 1997, Boston University School of Law
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B.Comm., 1994, University of AlbertaDistinction
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J.D., 2011, Benjamin N. Cardozo School of Lawcum laude
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B.A., 2006, University of Virginia
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Related News
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 09, 2022
Martin Marietta’s Sale of California Cement Plant and Related Terminals to CalPortland Company
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
Martin Marietta’s Sale of Certain West Coast Cement and Ready Mixed Concrete Operations to CalPortland Company
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.
