Martin Marietta Completes Acquisition

Oct. 4, 2021 – Martin Marietta Materials Inc. successfully completed its previously announced acquisition of Lehigh Hanson Inc.’s West Region business for $2.3 billion in cash. Consistent with the company’s Strategic Operating Analysis and Review (SOAR) 2025 Plan, the acquisition provides the company with 17 active aggregates facilities, two cement plants and related distribution terminals, and targeted downstream operations serving key…

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Construction Spending Flat in August; Highways Up

The U.S. Census Bureau announced that construction spending during August 2021 was estimated at a seasonally adjusted annual rate of $1,584.1 billion, virtually unchanged from (±1.0%) the revised July estimate of $1,584.0 billion. The August figure is 8.9% (±1.5%) above the August 2020 estimate of $1,455.0 billion. During the first eight months of this year, construction spending amounted to $1,034.5 billion, 7.0%…

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