Martin Marietta Materials, the Raleigh company that makes asphalt, gravel, and cement, is buying a limestone supplier in a $13.5 billion dollar deal.
The company will take over Lhoist North America later this year, pending regulatory approval.
The deal “will position Martin Marietta as the nation’s leading lime and limestone franchise, while providing immediate scale and irreplaceable upstream materials platform across key Sun Belt markets and substantial high-quality limestone reserves,” Martin Marietta CEO Ward Nye said in a conference call Monday morning…