Martin Marietta and Lafarge swap assets

Martin Marietta Materials to acquire Denver operations in exchange deal with Lafarge North America

MARTIN Marietta Materials Inc., the second largest producer of construction aggregates in the US, have signed a definitive agreement with Lafarge North America Inc. for the exchange of certain assets.

Under the terms of the agreement, Martin Marietta Materials will receive Lafarge’s aggregates quarry sites, ready-mixed concrete and asphalt plants, and a road paving business in the metropolitan Denver, Colorado, region.

In exchange, Lafarge will receive properties consisting of quarries and distribution yards operated by Martin Marietta Materials along the river Mississippi, as well as a cash payment.

The transaction is anticipated to close within 60 days, subject to regulatory approval.