Cravath’s New York Office Moves to Two Manhattan West
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.
The Cravath team is led by partners Robert I. Townsend III and George F. Schoen and includes associates Edward O. Minturn, Patrick S. Taylor and Christopher G. Doherty on M&A matters; partners Joseph D. Zavaglia and Kelly M. Smercina and associate J. Elizabeth Allan on capital markets matters; partner Christopher K. Fargo, of counsel Kiran Sheffrin and associates Carlos Nicholas Obando and Christopher M. Winters on tax matters; partner Matthew J. Bobby, of counsel Sarah W. Colangelo and associate Celine Li on executive compensation and benefits matters; partner Matthew Morreale, senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; senior attorney Joyce Law and practice area attorneys Brian M. Budnick and Lauren Piechocki on real estate matters; of counsel Benjamin G. Joseloff on regulatory matters; and practice area attorney Nicole M. Peles on antitrust matters. Priya Patel also worked on M&A matters and Jessica Shung also worked on tax matters.
Deals & Cases
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.
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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