Blue Water to sell some aggregates operations to Martin Marietta for $2.05B

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  • Blue Water Industries LLC entered into a definitive agreement with Martin Marietta Materials (NYSE:MLM) under which Martin Marietta will buy 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia for $2.05B in cash.
  • The BWI Southeast transaction is expected to close later this year, subject to regulatory approvals and other customary closing conditions.
  • Blue Water Industries will continue to operate its aggregates operations in North Carolina and central Florida, as well as its marine terminal business.
  • Source: Press Release

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