{"id":3543,"date":"2026-06-29T18:36:03","date_gmt":"2026-06-29T18:36:03","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=3543"},"modified":"2026-06-29T18:36:03","modified_gmt":"2026-06-29T18:36:03","slug":"raleigh-materials-giant-plans-to-buy-limestone-producer-for-13-5-billion","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=3543","title":{"rendered":"Raleigh materials giant plans to buy limestone producer for $13.5 billion"},"content":{"rendered":"

AI-generated summary reviewed by our newsroom.<\/p>\n

Read our AI Policy.<\/a><\/p>\n

The most valuable Triangle company plans to spend $13.5 billion in cash and stock to expand its footprint across the Southeast.<\/p>\n

Read more Triangle residents face penalties and fines as water restrictions rise<\/a><\/p>\n

In what it described as a merger, Raleigh heavy building materials producer Martin Marietta said Monday it plans to buy limestone supplier Lhoist North America, whose network includes sites in Texas, Alabama, Florida, Tennessee and Virginia. Lhoist is a subsidiary of a private Belgian company with the same name.<\/p>\n

Martin Marietta says the agreement, which is still subject to regulatory approval, would instantly make it the top U.S. producer of the mineral lime. The company\u2019s share price fell more than 6% following the announcement.<\/p>\n

\u201cAs the United States continues to invest in infrastructure, advanced manufacturing, energy development and industrial expansion, demand for high-quality lime products is expected to remain resilient for decades to come,\u201d company president and CEO Ward Nye said in a federal regulatory filing<\/a>.<\/p>\n

Martin Marietta is the biggest public company in the Triangle by market capitalization, with investors valuing the business around $35 billion. Its Raleigh roots date back more than 85 years to a materials producer named Superior Stone which, following a series of deals, eventually became Martin Marietta.<\/p>\n

Its main corporate campus is in northwest Raleigh, off of Parklake Avenue. Since 2022, the company has also paid more than $500,000 a year for the naming rights<\/a> to the downtown performing arts center.<\/p>\n

Its material lineup includes asphalt, ready-mixed concrete, aggregates and special products like magnesium hydroxide.<\/p>\n

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In the past decade, its workforce has grown from 7,300 employees to approximately 9,600 this year. Wall Street has also been favorable, with Martin Marietta\u2019s stock now more than twice its 2020 value.<\/p>\n

The company has acquired other businesses before, including $1.63 billion on Bluegrass Materials in 2018, but the Lhoist North American price tag is much higher. Martin Marietta said it will complete the deal by paying $7 billion in cash and $6.5 billion in stock.<\/p>\n

In an analyst note Monday, Truist Securities called Lhoist North America \u201cexceptionally profitable,\u201d but wondered whether investors will be wary of Martin Marietta shifting away from its successful aggregate materials operations.<\/p>\n

The price tag may spark questions too. Martin Marietta is paying around 17 times what Lhoist North America generated last year in EBITDA, or earnings before interest, taxes, depreciation and amortization. Even factoring in \u201csynergies,\u201d Truist says the cost is still 15.5 times greater than 2025 EBITDA.<\/p>\n

David MacGregor, who covers Martin Marietta as president of Longbow Research, thought the deal will benefit the Raleigh company. In limestone and aggregates, Martin Marietta will have \u201ctwo really strong earnings engines,\u201d he told The News & Observer in a phone interview Monday. And while $13.5 billion may have surprised some, he said the business can leverage Lhoist\u2019s distribution network for additional benefits.<\/p>\n

Martin Marietta expects the combination to complete in the second half of the year.<\/p>\n

Read more Former ECU, NFL star Chris Johnson reveals \u2018shocking\u2019 ALS diagnosis. What we know<\/a><\/p>\n

This story was originally published June 29, 2026 at 1:42 PM.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Martin Marietta to combine with Lhoist North America for $13.5 billion as Raleigh, North Carolina heavy building materials company seeks limestone expansion<\/p>\n","protected":false},"author":1,"featured_media":3542,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"\nRaleigh materials giant plans to buy limestone producer for $13.5 billion - Durham Moving Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/durhammovinghub.com\/?p=3543\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raleigh materials giant plans to buy limestone producer for $13.5 billion - Durham Moving Hub\" \/>\n<meta property=\"og:description\" content=\"Martin Marietta to combine with Lhoist North America for $13.5 billion as Raleigh, North Carolina heavy building materials company seeks limestone expansion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/durhammovinghub.com\/?p=3543\" \/>\n<meta property=\"og:site_name\" content=\"Durham Moving Hub\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-29T18:36:03+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/#\\\/schema\\\/person\\\/bf1f081e7f06a3ab66052e5f6015fd85\"},\"headline\":\"Raleigh materials giant plans to buy limestone producer for $13.5 billion\",\"datePublished\":\"2026-06-29T18:36:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543\"},\"wordCount\":531,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/durhammovinghub.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/da4297abeb71bf25eb5130ed16844f04.jpg\",\"articleSection\":[\"Read today's Edition\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543\",\"url\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543\",\"name\":\"Raleigh materials giant plans to buy limestone producer for $13.5 billion - Durham Moving Hub\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/durhammovinghub.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/da4297abeb71bf25eb5130ed16844f04.jpg\",\"datePublished\":\"2026-06-29T18:36:03+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/#\\\/schema\\\/person\\\/bf1f081e7f06a3ab66052e5f6015fd85\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=3543#primaryimage\",\"url\":\"https:\\\/\\\/durhammovinghub.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/da4297abeb71bf25eb5130ed16844f04.jpg\",\"contentUrl\":\"https:\\\/\\\/durhammovinghub.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/da4297abeb71bf25eb5130ed16844f04.jpg\",\"width\":1200,\"height\":680,\"caption\":\"MATERIALS2.BZ.111296.KLG -- Rock is removed from a Martin Marietta Materials quarry in Garner. 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