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News UNACEM to acquire Tehachapi cement plant from Martin Marietta Materials

UNACEM to acquire Tehachapi cement plant from Martin Marietta Materials

Written by Global Cement staff 25 August 2023
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US: Peru-based UNACEM has entered into a definitive agreement with Martin Marietta Materials to acquire its Tehachapi cement plant in California. North Carolina-based Martin Marietta Materials reported the value of the deal as US$317m. The companies expect to close the deal in mid-late 2023.

Taiheiyo Cement subsidiary CalPortland previously terminated its deal to buy the Tehachapi plant, along with two local cement terminals, in April 2023. Japan-based Taiheiyo Cement said that the parties had been unable to obtain necessary approvals from the US Federal Trade Commission within a suitable timeframe.

Last modified on 30 August 2023
Published in Global Cement News
Tagged under
  • US
  • California
  • Martin Marietta
  • UNACEM
  • Assets
  • Plant
  • Divestments
  • Acquisition
  • Investment
  • Federal Trade Commission
  • GCW623
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