Martin Marietta to buy Lhoist North America in $13.5 billion deal

AI Summary

Martin Marietta Materials announced a $13.5 billion cash-and-stock deal to acquire Lhoist North America, a limestone supplier. This merger represents a major consolidation in the materials supply industry in the United States.

Martin Marietta Materials said on Monday it would merge with limestone supplier Lhoist North America in a cash-and-stock deal worth $13.5 billion.