June 29 (Reuters) – Building material firm Martin Marietta Materials said on Monday it would merge with limestone supplier Lhoist North America in a cash-and-stock deal worth $13.5 billion, including debt.
Shares of the Raleigh, North Carolina-based company were down about 3% in premarket trade.
Martin Marietta would use a mix of $7 billion in cash along with shares valued at $6.5 billion to fund the deal, the company said.
Lhoist’s Berghmans family – which owns the privately held Lhoist Group, a family-owned Belgian industrial company – would own roughly 15% of Martin Marietta upon the deal’s close.
The deal is expected to be completed in the second half of 2026.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Shailesh Kuber and Devika Syamnath)
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