Martin Marietta Acquires Lhoist North America for $12.9B; Completes QUIKRETE Exchange
Martin Marietta Materials, Inc. announced significant strategic moves, including the acquisition of Lhoist North America (LNA) for $12.9 billion and an asset exchange with QUIKRETE Holdings, Inc. The LNA acquisition, comprising $7 billion in cash and 10.95 million shares, is expected to bolster the company's Specialties business and geographic reach. The QUIKRETE transaction involved acquiring aggregates and asphalt operations while divesting cement and concrete assets. Additionally, Martin Marietta acquired New Frontier Materials LLC, a smaller aggregates business. The company reported Q3 2026 revenues of $2.37 billion, an increase from $1.85 billion in Q3 2025, and nine-month revenues of $5.68 billion, up from $4.62 billion year-over-year.
Key Highlights
- Martin Marietta acquired Lhoist North America for $12.9B, consisting of $7B cash and 10.95M shares.
- The acquisition of LNA strengthens Martin Marietta's Specialties business and geographic diversification.
- Martin Marietta completed an asset exchange with QUIKRETE Holdings, Inc. acquiring aggregates and asphalt businesses.
- The QUIKRETE transaction included $450M cash received by Martin Marietta and divestment of cement and concrete assets.
- Martin Marietta acquired New Frontier Materials LLC, a bolt-on aggregates business in the St. Louis area.
- Revenues from 2026 acquisitions totaled $436M for Q3 and $639M for the first nine months.
- Q3 2026 revenues were $2.37B, up from $1.85B in Q3 2025.
- Nine-month 2026 revenues were $5.68B, up from $4.62B in the prior year.
Price Impact
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