Blue Water Industries Completes Sale of Certain Aggregates Operations to Martin Marietta
Martin Marietta Materials, Inc. (MLM)
Last martin marietta materials, inc. earnings: 2/11 06:57 am
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Source: GlobeNewswire
JACKSONVILLE, Fla, April 08, 2024 (GLOBE NEWSWIRE) -- Blue Water Industries announced today it completed the sale of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia to Martin Marietta Materials, Inc. (NYSE: MLM) for $2.05 billion in cash on April 5, 2024. Blue Water Industries is a privately-held, pure-play construction aggregates producer in the United States, serving some of the fastest growing regions of the Southeast United States. Ted Baker, CEO of Blue Water Industries, stated, "We are pleased to entrust these operations to Martin Marietta, an industry leader with strong values and a distinguished safety record. I would like to thank our company's dedicated employees, along with our partners at Blue Water Advisors for their investment and meaningful support over the years." Blue Water Industries and its affiliates will continue to operate its aggregates operations in North Carolina and central Florida, as well as its marine
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