Latham Advises Lhoist Group on US$13.5 Billion Strategic Combination of Lhoist North America With Martin Marietta

Latham & Watkins is advising Lhoist Group, a privately held Belgian industrial company and a global leader in lime, dolomitic lime, and mineral solutions, on its agreement to combine Lhoist North America, a subsidiary of Lhoist Group, with Martin Marietta in a US$13.5 billion cash-and-stock transaction. The transaction will make Financière de Gestions Internationales (FGI), the Berghmans Family holding company, Martin Marietta’s largest single shareholder, with representation on its Board of Directors. The transaction is expected to be completed in the second half of 2026, subject to regulatory approvals.

The Latham team is led by Paris corporate partners Pierre-Louis Cléro and Thomas Forschbach and Chicago corporate partners Christopher Drewry and Max Schleusener, with Paris associates Aymerick Fradin, Emma Dalle Nogare, an Cyril Thobois and Chicago associates Henna Jalal, Jaisel Patel, and Noreen Latif. Advice was also provided on French tax matters by Paris partner Olivia Rauch-Ravisé, with Paris associates Hugo Matricon and Margot Legent; on US tax matters by New York partner David Raab and Chicago partner Rene de Vera, with Chicago associate Jay Khurana; on capital markets matters by Paris partner Thomas Margenet-Baudry and Chicago/New York partner Roderick Branch, with Chicago associate Joann Murphy; on finance matters by Paris partner Lionel Dechmann and Chicago partner Cindy Caillavet, with Chicago counsel Manasi Bhattacharyya and Paris associate Natacha Enoh; on antitrust matters by Paris partner Jacques-Philippe Gunther, Washington, D.C. partner Farrell Malone, and New York partner Kyra Bromley, with Washington, D.C. counsel Francesca Pisano and Paris associates Alice Noguier, Pablo Luongkhan-Garcia, and Victor Gerardin; on IP and commercial contracts matters by Paris partner Jean-Luc Juhan, with associate Daniel Martel; and on employment matters by partner Matthias Rubner.