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News CalPortland abandons attempt to buy Tehachapi cement plant from Martin Marietta Materials

CalPortland abandons attempt to buy Tehachapi cement plant from Martin Marietta Materials

Written by Global Cement staff 28 April 2023
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US: Taiheiyo Cement says that its subsidiary CalPortland has terminated its deal to buy the Tehachapi cement plant from Martin Marietta Materials. It has blamed the situation on the two parties being unable to “timely obtain the necessary approval by the US Federal Trade Commission.” The deal was originally announced in August 2022 with CalPortland agreeing to buy the integrated plant in California and two terminals.

Last modified on 03 May 2023
Published in Global Cement News
Tagged under
  • US
  • Taiheiyo Cement
  • Acquisition
  • Plant
  • California
  • Martin Marietta
  • Terminal
  • Federal Trade Commission
  • GCW606
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