Martin Marietta dispatches principal TXI California assets to CalPortland

Sources: Taiheiyo Cement Corp., Tokyo; Martin Marietta Materials, Raleigh, N.C.; CP staff

A $420 million asset deal with Martin Marietta, anchored by the former TXI Oro Grande plant, will enable Glendora, Calif.-based CalPortland Co. to replace capacity from its idled Colton mill—about 35 miles south—and strengthen a home state, integrated cement and concrete platform. Coupled with Stockton and San Diego terminals, the plant will contribute to what CalPortland parent Taiheiyo Cement reports is “a steady improvement in sales volume and profit in [the] Group’s U.S. operations.”

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