Martin Marietta Materials closed a major asset exchange with Quikrete Holdings on February 23, 2026. The company traded its Midlothian, Texas cement plant, related cement terminals, North Texas ready-mix concrete assets, and certain nonoperating land to Quikrete in exchange for aggregate operations producing approximately 20 million tons annually plus $450 million in cash, per Martin Marietta’s 8-K filing with the SEC (Source: SEC EDGAR, February 23, 2026). Management described it as the largest aggregates acquisition in the company’s history.
The strategic direction is clear. Martin Marietta exited its Midlothian cement plant and its North Texas ready-mix concrete business, both lower-margin, more cyclical operations. In their place the company now carries 20 million additional tons of annual aggregate capacity. Updated 2026 guidance targets aggregate shipment volumes rising 12.0% versus 2025 to 222 million tons, with organic average selling price growth of 5.0%, per the 8-K.
“Updated 2026 guidance now targets revenues of $7.16 billion and Adjusted EBITDA from continuing operations of $2.43 billion, with aggregates shipment volumes expected to rise 12.0% versus 2025 to 222 million tons and organic ASP growth of 5.0%.” Source: Martin Marietta Materials 8-K · SEC EDGAR · February 23, 2026 · sec.gov
The 5% organic ASP growth guidance is the number most relevant to Texas contractors. ASP, or average selling price, is what producers charge per ton of aggregate at the quarry gate. A 5% increase from one of the largest aggregate producers in the country reflects management’s confidence that demand will support higher pricing in 2026. That pricing ultimately flows through to delivered costs. Contractors who have been budgeting aggregate line items using 2025 pricing as a baseline should account for the direction Martin Marietta’s guidance indicates.
The company’s exit from North Texas ready-mix also has a local market implication. The Midlothian cement plant and North Texas ready-mix operations were significant supply chain components in the DFW construction corridor. Quikrete is taking those operations as part of the exchange, so the transition of ownership rather than closure of capacity is the more relevant detail. However, any supplier relationship or pricing arrangement a Texas contractor had with Martin Marietta’s ready-mix operations in North Texas is now a Quikrete relationship and should be confirmed accordingly.
For aggregate specifically, the Martin Marietta guidance joins Vulcan’s Q4 2025 outlook in pointing toward an environment where pricing is moving upward and demand is strong. When the two largest aggregate producers in the country are aligned on that direction, it is a market signal worth accounting for in project budgets.
Martin Marietta’s 8-K is the clearest producer-level signal of 2026 aggregate pricing direction published to date. A 5% ASP increase on 222 million tons is not a forecast. It is a guidance number backed by an SEC filing.