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MLM > SEC Filings for MLM > Form 8-K on 15-Jun-2009All Recent SEC Filings

Show all filings for MARTIN MARIETTA MATERIALS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for MARTIN MARIETTA MATERIALS INC


15-Jun-2009

Other Events


Item 8.01 Other Events.
On June 15, 2009, the Corporation announced that it has acquired three quarries plus the remaining 49% interest in an existing joint venture from CEMEX, Inc. The purchase price for the assets of the three quarries plus the 49% interest was $65 million. Based on 2008 results without synergies, this equates to a multiple of 6.8 times EBITDA. Estimated mineral reserves are 255 million tons. The quarry operations are located at Fort Calhoun, Nebraska; Guernsey, Wyoming; and Milford, Utah. Guernsey and Milford are rail-connected quarries while Fort Calhoun ships material via barge on the Missouri River in addition to its local and long-haul truck market in Nebraska. The 49% interest purchased relates to the Granite Canyon, Wyoming, quarry where Martin Marietta is the operating manager.
The Corporation issued a press release on June 15, 2009, announcing the acquisition. The press release is filed as Exhibit 99.1 to this Report. Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1   Press Release dated June 15, 2009, announcing the acquisition of three
       quarries plus the remaining 49% interest in an existing joint venture from
       CEMEX, Inc.


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