Martin Marietta Buys SCC

Aug. 31, 2021 – According to media reports, Spanish conglomerate Ferrovial has agreed to sell its U.S. unit Southern Crushed Concrete (SSC), The Woodlands, Texas, to Martin Marietta Materials for about $140 million. Ferrovial, which also operates airports and toll roads, said last month it had agreed to sell certain non-strategic assets, including SCC, but did not give details. The deal was pending approval by regulatory authorities. Newspaper El Economista earlier reported that Martin Marietta was the buyer of SSC, a Texas-based producer of recycled concrete. Established in 1991, SCC uses practical and inexpensive methods to produce recycled concrete and asphalt for a variety of construction projects throughout Southeast Texas. The company stated that its recycling “replaces the need for rock, which must be trucked into the Houston area from distant quarries, making the use of our recycled products efficient and cost effective for a range of projects. In fact, our products help cut construction costs and reduce gasoline usage, traffic congestion and air pollution because our recycling centers use construction waste from the area. This reduces the need to transport new materials and saves approximately 1.5 million cu. yds. of landfill space annually.”

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