Martin Marietta to Sell California Cement Plant

Source: CalPortland | September 2, 2022

CalPortland is to acquire Tehachapi cement plant and related terminals for US$350 million

MARTIN Marietta Materials Inc. have entered into a definitive agreement to sell their Tehachapi cement plant, in California, and related distribution terminals to CalPortland Company for US$350 million in cash.

Founded in 1891, CalPortland Company are major producers of cement, ready-mixed concrete, aggregates, concrete products, and asphalt in the western US and Canada. 

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