Top materials mergers and acquisitions of 2026
Every verified merger and acquisition in the materials sector in this period, ranked by disclosed value. Updated every morning.
We tracked 27 deals in the materials sector in 2026, 19 of them with a disclosed value, worth $46bn in total. The largest was Martin Marietta Materials, Inc.'s $13.5bn deal for Lhoist North America, Inc., ahead of SGH Ltd and Steel Dynamics, Inc. and BlueScope Steel Ltd at $8.8bn.
Top materials mergers and acquisitions of 2026
- 129 JunMartin Marietta Materials, Inc. → Lhoist North America, Inc.Martin Marietta agrees US$13.5bn deal for Lhoist North AmericaMaterials / Lime and limestoneCompleted$13.5bn
- 25 JanSGH Ltd and Steel Dynamics, Inc. → BlueScope Steel LtdSGH and Steel Dynamics make A$13.2bn break-up bid for BlueScopeMaterials / SteelTerminated$8.8bn
- 322 JunCRH plc → Arcosa, Inc.CRH agrees US$8.5bn deal for ArcosaMaterials / Aggregates and infrastructure productsAgreed$8.5bn
- 423 MarApollo Funds → Nippon Sheet Glass Co., Ltd. (NSG Group)Apollo agrees $3.7bn deal for Nippon Sheet GlassMaterials / Glass manufacturingCompleted$3.7bn
- 515 JanWorthington Steel, Inc. → Klöckner & Co SEWorthington Steel agrees €2.1bn takeover of Klöckner & CoMaterials / Steel distribution and metal processingCompleted$2.4bn
- 623 JunEnergy Fuels Inc. → Vacuumschmelze (VAC)Energy Fuels agrees US$1.9bn deal for German magnet maker VACMaterials / Rare earth magnetsAgreed$1.9bn
- 729 MarIndorama Ventures PCL (via Indovida India) → EPL LimitedEPL agrees merger with Indorama's Indovida, ceding control to Thai groupMaterials / PackagingIn review$1.2bn
- 84 FebHeidelberg Materials Australia → Maas Group Holdings – Construction Materials divisionHeidelberg Materials agrees A$1.7bn deal for Maas quarries businessMaterials / Aggregates and concreteCompleted$1.2bn
- 930 AprPacific Avenue Capital Partners → Oldcastle Lawn & Garden, Inc. (now GardenCore)Pacific Avenue buys CRH's lawn and garden unit for over US$1.1bnMaterials / Lawn and garden productsCompleted$1.1bn
- 1020 AugHolcim AG → Fermacell (James Hardie Europe)Holcim agrees €840m deal for FermacellMaterials / Building materialsAgreed$981m
- 1113 OctAtlantic Ridge Capital and Grafine Partners → Paragon FilmsRhône sells Paragon Films to Atlantic Ridge and Grafine for about $900mMaterials / Packaging filmsAgreed$900m
- 1216 OctFangda Special Steel Technology → Jiangxi Fangda Steel Group Enterprise InvestmentFangda Special Steel sets RMB3.5bn terms to absorb sister vanadium-steel groupMaterials / Steel and vanadiumAgreed$520m
- 132 JunK+S Aktiengesellschaft (via esco international GmbH) → Qemetica salt business (Janikowo and Staßfurt)K+S agrees up to €380m deal for Qemetica's salt businessMaterials / SaltAgreed$408m
- 1416 AprInternational Paper Company → North Pacific Paper Company (NORPAC)International Paper agrees US$360m deal for NORPAC millMaterials / ContainerboardCompleted$360m
- 1525 MarTaiheiyo Cement Corporation → Tokuyama Corporation's domestic cement sales business (Tokuyama Cement)Taiheiyo Cement agrees ¥37bn purchase of Tokuyama cement sales armMaterials / CementCompleted$233m
- 162 AprWest China Cement Limited → AfriSam Holdings Proprietary LimitedWest China Cement agrees R2.5bn takeover of South Africa's AfriSamMaterials / CementAgreed$145m
- 178 MayTenaris S.A. → Artrom Steel Tubes S.A.Tenaris agrees €86m deal for Romania's Artrom Steel TubesMaterials / Seamless steel pipesAgreed$100m
- 189 FebGravita India Ltd → Rashtriya Metal Industries LtdGravita India buys copper maker Rashtriya Metal for up to ₹565 croreMaterials / Copper and copper alloysCompleted$62m
- 1927 FebBG Container Glass PCL → Bangkok Can Manufacturing Co., Ltd. (25.9%)BG Container Glass takes control of Bangkok Can from Toyo SeikanMaterials / Metal packagingCompleted$25m
- 2015 OctLone Star Funds / Atlas Holdings (reported bidders) → International Paper EMEA Packaging Business (DS Smith)International Paper in talks with bidders for DS Smith-based EMEA packaging armMaterials / PackagingIn talksUndisclosed
- 2127 JulWynnchurch Capital (Double Eagle Acquisition Buyer) → Luxfer Holdings PLCWynnchurch agrees to take Luxfer private at US$17.37 a shareMaterials / Advanced materials and gas cylindersAgreedUndisclosed
- 2228 MayPan Pacific Copper Co., Ltd. (JX Advanced Metals, Mitsui Kinzoku, Marubeni) → Mitsubishi Materials' copper concentrate purchasing and sales businessMitsubishi Materials folds copper buying into Pan Pacific CopperMaterials / Copper smeltingAgreedUndisclosed
- 2312 MaySaica Group → Thimm GroupSaica agrees to buy German packaging maker ThimmMaterials / Corrugated packagingCompletedUndisclosed
- 2412 MayMBK Partners → ALTEMIRA Holdings Co., Ltd.MBK buys Japanese can maker Altemira from ApolloMaterials / Aluminium packagingCompletedUndisclosed
- 2525 FebJX Advanced Metals Corporation → Toho Titanium Co., Ltd.JX Advanced Metals to absorb Toho Titanium in share swapMaterials / Titanium and specialty metalsCompletedUndisclosed
- 2624 FebWienerberger AG → Italcer GroupWienerberger takes control of Italian tile maker ItalcerMaterials / Ceramic tilesCompletedUndisclosed
- 276 FebSalzgitter AG → Hüttenwerke Krupp Mannesmann (HKM)Salzgitter agrees to take full control of HKM steelworksMaterials / SteelCompletedUndisclosed