Martin Marietta to combine with Lhoist North America in $13.5 billion deal
Martin Marietta Materials, Inc.
Martin Marietta Materials, Inc. MLM | 0.00 |
- Martin Marietta is combining with Lhoist North America in a $13.5 billion cash-and-stock deal, targeting a second-half 2026 close.
- Consideration includes $7 billion cash, shares valued at $6.5 billion; the Berghmans family is expected to own about 15% post-close.
- Lhoist North America generated $786 million adjusted EBITDA on $1.8 billion gross sales for the 12 months ended Dec. 31, 2025.
- The purchase price implies about 15x adjusted EBITDA, including run-rate cost synergies; Martin Marietta targets about $85 million annual synergies.
- Net leverage is expected to be about 3.7x at closing, with a target below 2.5x within 24 months.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Martin Marietta Materials Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606290709PRIMZONEFULLFEED9753973) on June 29, 2026, and is solely responsible for the information contained therein.
