Cravath’s New York Office Moves to Two Manhattan West
February 12, 2024
On February 12, 2024, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that on February 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (“BWI Southeast”) for $2.05 billion in cash. Additionally, on February 9, 2024, Martin Marietta completed its previously announced divestiture of its South Texas cement and related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash. Cravath is representing Martin Marietta in connection with the transactions.
The Cravath team is led by partners Robert I. Townsend III, George F. Schoen and Matthew G. Jones and includes associates Alexander E. Greenberg, Patrick S. Taylor and T. Henley Hopkinson and foreign associate attorney Yuzuka Oyamada on M&A matters; partner Joseph D. Zavaglia and associate Jason O. Rooindej on financing matters; partner Christopher K. Fargo and associates Christopher M. Winters and Josh Banafsheha on tax matters; partner Matthew J. Bobby, senior attorney Arian Mossanenzadeh and practice area attorney David Crampton on executive compensation and benefits matters; partner David J. Kappos, of counsel Kathryn-Ann Stamm and associate David M. Ungar on intellectual property matters; partner Matthew Morreale, senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; and senior attorney Joyce Law and practice area attorneys Brian M. Budnick and Lauren Piechocki on real estate matters. Liza C. Clark also worked on M&A matters.
Deals & Cases
November 21, 2023
On November 21, 2023, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that it has entered into a definitive agreement to sell its South Texas cement business and certain of its related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash. Cravath is representing Martin Marietta in connection with the transaction.
Deals & Cases
August 24, 2023
On August 24, 2023, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that it has entered into a definitive agreement to sell the Tehachapi, California cement plant to UNACEM Corp S.A.A. for $317 million in cash. Cravath is representing Martin Marietta in connection with the transaction.
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