Items filtered by date: Thursday, 15 February 2024

US: Martin Marietta Materials has signed a deal to buy 20 aggregates operations in the Southeast US from Blue Water Industries for US$2.05bn. Reuters has reported that the partners expect to close the deal later in 2024. Martin Marietta Materials says that the acquisitions will help it to meet rising national demand for building materials. The North Carolina-based group operates aggregates sites in 28 US states, Canada and the Bahamas.

Martin Marietta Materials previously indicated that recent divestitures in its ready-mix concrete business and other areas would help it to ‘redeploy the proceeds into pure-play aggregates acquisitions.’

Sweden: Heidelberg Materials has won a contract to supply its evoZero net-zero concrete. product for the construction of the new Nobel Center in Stockholm. Heidelberg Materials says that its memorandum of understanding with the Nobel Foundation ‘symbolises an important link between science and the green industrial transformation.’ EvoZero concrete achieves its carbon neutrality through Heidelberg Materials’ use of carbon capture at its cement plants.

Jon Morrish, member of Heidelberg Materials’ managing board responsible for Europe, said “Together with the Nobel Center project, we aim to set a new standard for sustainable construction and pave the way for other future-orientated players. The collaboration enables us to combine the world of science and innovative solutions from our own sector such as evoZero in an exciting way.”