Martin Marietta Materials, a building material firm, announced on Monday that it would merge with limestone supplier Lhoist North America in a cash-and-stock deal worth $13.5 billion, including debt.
The company will use a mix of $7 billion in cash and shares valued at $6.5 billion to fund the deal. Lhoist’s Berghmans family, which owns the privately held Lhoist Group, will own roughly 15% of Martin Marietta upon the deal’s close.
The deal is expected to be completed in the second half of 2026.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
