Martin Marietta Materials' Limestone Deal Seen Making Sense

Dow Jones
Jun 30

1219 ET - Martin Marietta Materials' acquisition of limestone supplier Lhoist North America may seem like a departure from the company's aggregates business, but it makes sense given commercial and operational similarities between that and the lime business, Raymond James analysts write in a note. "The lime market requires hard- to-replicate high-calcium (geologically different) limestone reserves, is a quarry-based blasting and crushing operation, enjoys a highly consolidated market structure, and is incredibly high necessity (and low value) to the markets it serves," they write, adding that the company's estimate of $85 million in annual cost synergies could be conservative. "We believe that market will come to appreciate the quality of the assets in time." Shares in Martin Marietta fall 6.5%. (elias.schisgall@wsj.com)

 

(END) Dow Jones Newswires

June 29, 2026 12:19 ET (16:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10