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, a subsidiary of CRH, for $2.1B in cash. More specifically, the facilities to be divested include the Hunter cement plant in New Braunfels, related cement distribution terminals and 20 concrete plants serving the Austin and San Antonio region. The transaction is expected to close in the first half of 2024, subject to regulatory approvals and other customary closing conditions.
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