CRH to pay $2.1 billion for South Texas cement operations of Martin Marietta Materials
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Dow Jones
CRH (CRH) said it's paying $2.1 billion for South Texas cement operations from Martin Marietta Materials (MLM). CRH, which separately reported earnings, said the combined portfolio of assets is expected to generate pro-forma 2023 EBITDA of approximately $170 million. Martin Marietta said the proceeds will help advance its growth objectives as well as return capital to shareholders.
-Steve Goldstein
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11-21-23 0542ET
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