Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff
Martin Marietta has closed on Bluegrass Materials Co. in a $1.65-billion cash transaction, underscoring an aggregates portfolio addition of 125-plus years of high-quality reserves across Georgia, South Carolina, Maryland, Kentucky and Tennessee. Management projects annual savings from synergies of assimilated operations, including 23 active sites, upward of $15 million.
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