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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