Key facts
- Martin Marietta Materials will merge with Lhoist North America.
- The total value of the deal is $13.5 billion.
- The transaction includes debt.
- The deal will be funded with $7 billion in cash.
- The deal will be funded with $6.5 billion in shares.
- The Lhoist family is expected to hold approximately 15% of the combined company.
Martin Marietta Materials has announced its agreement to merge with Lhoist North America in a substantial $13.5 billion deal. This transaction encompasses existing debt within Lhoist North America. The financial structure of the merger involves $7 billion in cash and $6.5 billion in Martin Marietta shares. Following the merger, the Lhoist family is projected to hold an ownership stake of approximately 15% in the combined company. This move represents a significant consolidation within the North American materials sector, bringing together two major players in the production and supply of essential construction materials.