Martin Marietta acquires CRH America's divested asset

US-based Martin Marietta Materials has acquired CRH America’s Mallard Sand & Gravel business, which will add approximately 30Mt of aggregates to the company’s reserves. CRH was required to divest these assets as part of its acquisition of Ash Grove Cement Co.

Furthermore, Martin Marietta has sold two aggregate quarries to resolve competition issues with respect to its recent acquisition of Bluegrass Materials Co, according to AggNet.

"We’re pleased to conclude the DoJ’s Hart-Scott-Rodino process related to our acquisition of Bluegrass Materials", said Ward Nye, president and CEO of Martin Marietta.

"Additionally, we’re delighted to augment our Midwest business with the acquisition of Mallard Sand & Gravel, and to welcome their employees to our company," he said.