en.Wedoany.com Reported - Martin Marietta Materials has reached a definitive agreement to acquire Lhoist North America Inc., headquartered in Texas, thereby becoming a leading operator in the limestone and lime products sector in the United States. The transaction, expected to close in the second half of 2026, involves a payment of $7 billion in cash to Belgium-based Lhoist Group, along with $6.5 billion in Martin Marietta stock. Upon completion, the Berghmans family, the principal shareholder of Lhoist Group, will hold approximately 15% of Martin Marietta's shares.

Lhoist North America is a leading producer of high-calcium lime, dolomitic lime, and industrial mineral products, operating 20 quarries or production facilities and 45 distribution terminals, with combined annual sales of $1.8 billion. Its operational network spans Alabama, Arizona, California, Missouri, Nevada, Texas, and Virginia, including 11 lime plants. This portfolio is supported by over 2 billion tons of high-quality limestone reserves, strategically located in high-growth Sun Belt metropolitan corridors.

Martin Marietta Chairman Ward Nye stated that this transaction builds on the company's core quarrying capabilities, expands its geographic footprint, and immediately establishes it as a leading national producer of lime solutions. As the United States continues to invest in infrastructure, advanced manufacturing, energy development, and industrial expansion, demand for high-quality lime products is expected to remain resilient over the coming decades. Ward Nye noted that with long-life limestone reserves, a complementary distribution network, and attractive financial performance, the LNA business enhances the company's portfolio, improves its ability to serve both new and existing customers, and deepens its role in providing critical materials.