AcquisitionsAug 10, 2026, 09:16 AM
Martin Marietta Receives Regulatory Approval for Lhoist Acquisition
AI Summary
Martin Marietta Materials, Inc. announced it has received all necessary regulatory approvals for its acquisition of Lhoist North America, Inc. The transaction, valued at approximately $13.5 billion, includes $7.0 billion in cash and 10,953,543 shares of Martin Marietta common stock. The acquisition is anticipated to close in the third quarter of 2026. The filing also included Lhoist's financial statements, reporting $1.75 billion in sales and $513.8 million in net income for 2025.
Key Highlights
- Martin Marietta to acquire Lhoist North America for approximately $13.5 billion.
- Acquisition consideration includes $7.0 billion cash and 10,953,543 shares.
- All necessary regulatory approvals for the LNA Transaction have been received.
- Transaction is expected to close in the third quarter of 2026.
- Lhoist North America reported 2025 sales of $1,753,660 thousand.
- Lhoist North America reported 2025 net income of $513,799 thousand.
- Lhoist North America reported H1 2026 sales of $904,568 thousand.
- Lhoist North America reported H1 2026 net income of $251,699 thousand.
Price Impact
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