Martin Marietta to Sell Certain West Coast Cement Operations to UNACEM
24 Agosto 2023 - 8:20PM
Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or
the “Company”) today announced that it has entered into a
definitive agreement to sell the Tehachapi, California cement plant
to UNACEM Corp S.A.A. for $317 million in cash.
The transaction is expected to close in the second half of 2023,
subject to regulatory approvals and other customary closing
conditions.
About Martin Marietta
Martin Marietta, a member of the S&P 500 Index, is an
American-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, dedicated Martin Marietta teams supply the
resources for building the solid foundations on 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.
Investor Contact: Jacklyn
RookerDirector, Investor Relations (919)
510-4736Jacklyn.rooker@martinmarietta.com
MLM-G
This release contains statements which
constitute forward-looking statements within the meaning of federal
securities law. Statements and assumptions on future revenues,
income and cash flows, performance, economic trends, the outcome of
litigation, regulatory compliance and environmental remediation
cost estimates are examples of forward-looking statements. Numerous
factors could affect the Company’s forward-looking statements and
actual performance.
Investors are cautioned that all forward-looking
statements involve risks and uncertainties, and are based on
assumptions that the Company believes in good faith are reasonable
at the time the statements are made, but which may be materially
different from actual results. Investors can identify these
statements by the fact that they do not relate only to historic or
current facts. The words “may”, “will”, “could”, “should”,
“anticipate”, “believe”, “estimate”, “expect”, “forecast”,
“intend”, “outlook”, “plan”, “project”, “scheduled” and other words
of similar meaning in connection with future events or future
operating or financial performance are intended to identify
forward-looking statements. Any or all of Martin Marietta’s
forward-looking statements in this release and in other
publications may turn out to be wrong.
You should consider these forward-looking
statements in light of risk factors discussed in Martin Marietta’s
Annual Report on Form 10-K for the year ended December 31, 2022,
Martin Marietta’s Quarterly Reports on Form 10-Q for the quarters
ended March 31, 2023 and June 30, 2023, and other periodic filings
made with the SEC. All of the Company’s forward-looking statements
should be considered in light of these factors. In addition, other
risks and uncertainties not presently known to the Company or that
it considers immaterial could affect the accuracy of its
forward-looking statements, or adversely affect or be material to
the Company. Except as required by law, the Company undertakes no
obligation to update any forward-looking statements in order to
reflect any event or circumstance that may arise after the date of
this release.
Martin Marietta Materials (NYSE:MLM)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Martin Marietta Materials (NYSE:MLM)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024