Martin Marietta to Combine with Lhoist North America in $13.5 Billion Transaction
The deal would add 2 billion tons of limestone reserves and about $85 million in annual cost synergies, Martin Marietta said.
- On Monday, Martin Marietta Materials announced a definitive agreement to acquire limestone supplier Lhoist North America for $13.5 billion in cash and stock, positioning the Raleigh-based company as the nation's leading producer of lime and limestone solutions.
- CEO Ward Nye stated the acquisition advances Martin Marietta's SOAR 2030 objective, capitalizing on resilient demand for high-quality lime products driven by U.S. infrastructure, energy development, and industrial expansion.
- Anchored by more than 2 billion tons of limestone reserves, LNA operates a network of 20 quarries and 45 distribution terminals, generating $1.8 billion in gross sales for the twelve months ended December 31, 2025.
- Martin Marietta expects to realize approximately $85 million in annual run-rate cost synergies, while the Berghmans family, owners of the Belgian-based Lhoist Group, will hold roughly 15% of Martin Marietta upon closing.
- Subject to regulatory approvals, the deal is expected to close in the second half of 2026, following a recent consolidation wave including Ireland's CRH acquiring Arcosa for about $8.5 billion last week.
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11.8 billion euros, of which about 7 billion in cash: that is what the sale of the American branch of the Walloon lime giant Lhoist yields. With this, the estimated wealth of the Berghmans family, who are behind the company, climbs above 12 billion euros. This arguably makes them the richest Belgians at the moment. Here is what you need to know about them.
An unprecedented business deal: the Walloon lime giant Lhoist-Berghmans is selling the company's North American branch for no less than 11.8 billion euros. With this, the family business of Baron Jean-Pierre Berghmans (77) immediately catapults itself to the top of the richest Belgians, past Eric Wittouck – the man behind Tiense Suiker and Weight Watchers – and Alexandre Van Damme of beer giant AB InBev. Baron Berghmans and his family live and w…
With an eye on data centers and other megaprojects, construction materials supplier Martin Marietta Materials announced on Monday (29) that it intends to acquire Lhoist North America, a supplier of limestone, dolomite and minerals, for US$13.5 billion. Exclusive content for subscribers. For full access, follow the link to the article and register.
A Merger of More than 11 Billion Euros for the North American Subsidiary of the Belgian Group Lhoist
Martin Marietta Materials will take over Lhoist North America, an operation presented as a complement by both companies. ...
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