Martin Marietta completes acquisition of Albert Frei & Sons
Andrew SnookNews aggregate Albert Frei & Sons Martin Marietta Materials quarry
Martin Marietta Materials, Inc. recently announced that it has completed the acquisition of Albert Frei & Sons, Inc., a leading aggregates producer in Colorado. The transaction closed on January 12, 2024. Martin Marietta stated that the acquisition provides “more than 60 years of high-quality, hard rock reserves to better serve new and existing customers.”
“We are delighted to announce the acquisition of AFS and welcome such a talented team to our company. The acquisition, wholly consistent with our strategic plan, enhances our aggregates platform in the high-growth, Denver metropolitan area and strengthens our ability to deliver significant value for shareholders and customers. We expect this transaction to be immediately accretive to earnings, margins and cash flow as we redeploy proceeds from prior divestitures,” stated Ward Nye, chairman, president and CEO of Martin Marietta.
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