AcquisitionsJun 29, 2026, 07:10 AM
Martin Marietta to Acquire Lhoist North America for $13.5B
AI Summary
Martin Marietta Materials, Inc. announced a definitive agreement to acquire Lhoist North America, Inc. for $13.5 billion in cash and stock. This strategic acquisition aims to establish Martin Marietta as the leading national producer of lime solutions, expanding its Specialties segment and geographic footprint. The transaction is expected to be accretive to earnings and margins in the first year post-closing, with anticipated annual run-rate cost synergies of $85 million.
Key Highlights
- Martin Marietta to acquire Lhoist North America for $13.5 billion.
- Consideration includes $7.0 billion in cash and $6.5 billion in Martin Marietta common stock.
- Lhoist North America generated $1.8 billion in gross sales and $786 million Adjusted EBITDA in 2025.
- Transaction expected to be accretive to earnings and margins in the first year.
- Anticipates $85 million in annual run-rate cost synergies.
- Combined Net Leverage targeted below 2.5x within 24 months of closing.
- Berghmans family to own approximately 15% of Martin Marietta post-closing.
- Transaction is expected to close in the second half of 2026.
Price Impact
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