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Blue Water Industries to sell certain aggregates operations to Martin Marietta

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Blue Water Industries LLC, a leading provider of aggregates and construction materials, has announced a definitive agreement with Martin Marietta Materials, Inc. for the acquisition of 20 active aggregates operations. The acquisition will involve operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia, all of which are owned by Blue Water Industries’ affiliate, BWI Southeast.

The agreement stipulates that Martin Marietta will acquire these operations for a total cash consideration of $2.05 billion. This strategic move by Martin Marietta will further strengthen its foothold in the aggregates market and enhance its position as a leading supplier of construction materials in the Southeastern United States.

Blue Water Industries has built a strong reputation for its high-quality aggregates and its commitment to delivering exceptional service to its customers. The acquisition by Martin Marietta will enable the company to leverage its resources and expertise to continue providing top-notch products and services to its customers.

The transaction is subject to customary closing conditions and regulatory approvals. Upon completion, Martin Marietta Materials will expand its operations and consolidate its position as a key player in the aggregates industry. The acquisition is expected to drive growth and create additional value for both companies and their stakeholders.

The leadership teams of both Blue Water Industries and Martin Marietta Materials have expressed their enthusiasm for the agreement and look forward to a seamless integration of the acquired operations. This acquisition represents a significant milestone for Martin Marietta Materials as it continues to pursue strategic expansion opportunities in the aggregates market.

The transaction is expected to close in the coming months, and further details will be provided as the process progresses.

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