MARTIN MARIETTA BOOSTS BUILDING MATERIAL SUPPLIES IN $2.05 BLN DEAL FOR BLUE WATER UNITS

On Monday, building material supplier Martin Marietta announced its agreement to acquire 20 active aggregates operations from Blue Water Industries for $2.05 billion in cash. Construction aggregates, including materials such as sand, gravel, and crushed stones, are raw materials extracted from quarries and pits.

The demand for construction materials is experiencing an upswing, fueled by ongoing improvements to roads, railways, and other transportation infrastructure in the United States. This trend is further bolstered by the $1 trillion infrastructure package signed into law by President Joe Biden's administration in 2021.

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