CalPortland-Martin Marietta Deal is Off

April 28, 2023 – Taiheiyo Cement Corp., headquartered in Bunkyo-ku, Tokyo, announced that its consolidated subsidiary, CalPortland Co., headquartered in California, and Martin Marietta Materials Inc., headquartered in North Carolina, have terminated their previously announced agreement dated Aug. 9, 2022, regarding the sale of Martin Marietta’s Tehachapi, Calif., cement plant and related distribution terminals, as the parties have been unable to timely obtain the necessary approval by the U.S. Federal Trade Commission. 

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