Martin Marietta entered into a definitive agreement with Quikrete Holdings to exchange certain assets, including a cement plant and ready mix assets for approximately 20 million tons of aggregate operations and $450 million in cash.
The transaction, expected to close in Q1 2026, aims to enhance the company's aggregate-focused portfolio and improve earnings resilience by shifting away from cement and ready mix operations.
The assets acquired are located in Virginia, Missouri, Kansas, and Vancouver, British Columbia, aligning with the company's strategic geographic expansion plans.
The exchange supports the SOAR 2025 plan by increasing aggregate production capacity and diversifying the product mix, while preserving balance sheet flexibility for future growth.
Strategic Portfolio Repositioning and Asset Rationalization in Europe and China
LyondellBasell is actively selling 4 European assets, with the sale expected to close in 2026, as part of portfolio optimization.
The company is focusing on growth in low-cost feedstock regions like North America and the Middle East, while shifting European assets towards recycled and renewable feedstocks.
In China, the company is monitoring regulatory actions that could lead to closures of less competitive assets, with a focus on maintaining a light asset footprint and supporting local markets through APS and circular solutions.
Progress on sale process for Industrial Specialties business and CTO refinery reaching an advanced stage, with an update expected soon.
Ongoing internal review of the entire portfolio focusing on strategic fit and value creation, with a comprehensive investor update planned for late 2025 or early 2026.
Work involves assessing core competencies and financial profiles to determine optimal ownership and growth opportunities, including potential expansion into process purification within Performance Materials.
Brand Solutions segment sales dropped to $57.7 million from $133.4 million due to the SGK divestiture, with adjusted EBITDA decreasing to $5 million from $16.1 million.
Consolidated adjusted EBITDA was $44.6 million, relatively flat compared to $44.7 million last year, despite the SGK divestiture.
Consolidated sales for Q3 fiscal 2025 were $349 million, down from $428 million a year ago, primarily due to the divestiture of SGK.
Debt was reduced by $120 million during the quarter to $702 million, aided by proceeds from the SGK sale.
Industrial Technologies segment sales declined to $87.9 million from $91.7 million, but adjusted EBITDA improved to $9 million from $4.2 million due to cost reductions and higher warehouse automation sales.
Memorialization segment sales increased slightly to $203.7 million with adjusted EBITDA rising to $42.8 million from $38.7 million last year.
Net income increased to $15.4 million or $0.49 per share from $1.8 million or $0.06 per share a year ago, driven by a gain on the SGK divestiture.
Dafinchi
