Post by Lhoist

Lhoist Shareholders and Martin Marietta Announce Strategic Combination of Lhoist North America with Martin Marietta. Today, Lhoist announced a definitive agreement for Lhoist North America to combine with Martin Marietta, creating a leading North American platform in aggregates, calcium-based products and building materials. The transaction reflects a strong industrial, strategic and organizational fit, bringing together complementary assets and capabilities to support long-term value creation. As part of the agreement, the Berghmans family holding is expected to become Martin Marietta’s largest single shareholder, with Board representation. Philipp Niemann, CEO of Lhoist Group, is expected to join the Board of Directors of Martin Marietta following completion of the transaction. Lhoist will remain fully family-owned across Europe, Latin America, APAC and MENA. The transaction remains subject to customary closing conditions, including regulatory approvals, and both companies will continue to operate independently until completion. We thank our teams for their professionalism and dedication throughout this process. Read the full press release: https://lnkd.in/d-pgCjax #Lhoist #Lime #IndustrialMinerals #NorthAmerica #MartinMarietta #IndustrialGrowth