Martin Marietta Sells Some California Cement, Ready Mix Holdings

Martin Marietta Materials entered into a definitive agreement to sell certain West Coast cement and ready mixed concrete operations to Taiheiyo Cement Corp.’s CalPortland unit for $250 million in cash. The operations include the Redding cement plant, related cement distribution terminals and 14 ready-mixed concrete plants located in California.

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HeidelbergCement AG Exploring Sale of U.S. Assets?

Dec. 22, 2020 – According to reports, HeidelbergCement AG is exploring the sale of U.S. assets as Chief Executive Officer Dominik von Achten seeks to divest peripheral businesses. Germany’s largest cement maker is reportedly working with Morgan Stanley on the sale of the operations in California. The unit could fetch an estimated $1.5 billion. HeidelbergCement’s advisers recently sent initial marketing documents…

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