The dealmaking continues at Martin Marietta, with the company making a move to expand its Midwest footprint.
Upon releasing its first-quarter earnings report, Martin Marietta revealed that it reached an agreement April 19 to acquire New Frontier Materials (NFM), whose operations include more than 20 sites throughout the St. Louis area.
According to Martin Marietta, New Frontier Materials produces more than 8 million tons of aggregates each year. The deal is expected to close in the second half of 2026.
“NFM is a leading Midwestern aggregates-led producer with high-quality, strategically located reserves complementing Martin Marietta’s existing footprint and long-term growth objectives,” says Ward Nye, chair, president and CEO of Martin Marietta.
New Frontier Materials was established in 2020. Don James, the retired chairman and CEO of Vulcan Materials, and Bill Niketas, former CEO of Aggregates USA, were instrumental in shaping New Frontier, which made a significant acquisition in 2021 when it acquired aggregate and asphalt assets from Fred Weber.
Separate from the New Frontier Materials acquisition, Martin Marietta closed on its Quikrete asset exchange in the first quarter. In connection with the exchange, Martin Marietta’s Midlothian cement plant, related cement terminals and Texas ready-mixed concrete plants were reported as discontinued operations through the close of the transaction.
“This milestone enhanced the quality and durability of our earnings profile and provided $450 million of cash to redeploy into M&A opportunities,” Nye says.
Related: How Martin Marietta fared in the first quarter of 2026
