Martin Marietta has entered into a definitive agreement to acquire Lhoist North America for $13.5 billion in a cash-and-stock deal.
The acquisition creates the nation’s leading lime and limestone franchise, significantly expanding the company’s footprint in critical infrastructure and industrial markets.
- Transaction terms: The deal consists of $7 billion in cash and $6.5 billion in stock, with the Berghmans family—owners of the Lhoist Group—expected to hold approximately 15% of Martin Marietta upon closing.
- Strategic scale: The combined entity will gain over 2 billion tons of high-quality limestone reserves, providing a supply base with more than 200 years of estimated useful life.
- Market footprint: Lhoist North America brings a network of 20 quarries and production facilities to the firm, strengthening its position across high-growth Sun Belt metropolitan corridors and supporting diverse industrial end-markets.