Martin Marietta finalizes the sale of Colorado and
RALEIGH, NC, April 01, 2022 (GLOBE NEWSWIRE) — Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it has completed the previously announced divestment of its Colorado and Central Texas ready mix concrete operations at Smyrna Ready Mix Concrete LLC.
Ward Nye, President, President and CEO of Martin Marietta, said, “We are grateful to the skilled workforce of these operations for their contributions to Martin Marietta. As previously indicated, the sale of these downstream assets is in line with our strategic plan, and we expect the proceeds to be used in a manner aligned with our clearly defined capital allocation priorities, which will be in a position to continue to provide both short-term and long-term increase in shareholder value.
About Martin Marietta
Martin Marietta, a member of the S&P 500 Index, is a United States-based company and a leading supplier of building materials, including aggregates, cement, ready-mixed concrete and asphalt . Through a network of operations spanning 28 states, Canada and the Bahamas, Martin Marietta’s dedicated teams provide the resources needed to build the strong foundations upon which our communities thrive. Martin Marietta’s Magnesia Specialties business produces high purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications. For more information, visit www.martinmarietta.com or www.magnesiaspecialties.com.
Vice President, Investor Relations