Martin Marietta Materials Inc. has entered a definitive agreement to sell its Tehachapi, Calif. cement plant to Unacem Corp., Peru-based parent company of Arizona’s Drake Cement. With a projected closing by year end, the $317 million cash deal will position Unacem with 1.7 million tons of U.S. clinker capacity, about 15 percent of the volume in a cement plant fleet…
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Martin Marietta, Drake Cement parent pen California plant deal
Sources: Martin Marietta Materials Inc., Raleigh, N.C.; Unacem Corp. S.A.A., Lima Martin Marietta Materials has entered a definitive agreement to sell its Tehachapi, Calif. cement plant to Unacem Corp., Peru-based parent company of Arizona’s Drake Cement. With a projected closing by year end, the $317 million cash deal will position Unacem with 1.7 million tons of U.S. clinker capacity, about…
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