PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Learn while you earn.

Paint and Coatings Industry News

Main News Page


Construction Materials Giants Merge

Tuesday, July 8, 2014

More items for Program/Project Management

Comment | More

Martin Marietta Materials has become the largest U.S. producer of aggregates and heavy building materials, with the completion of its $2.7 billion takeover of Texas Industries, the companies have announced.

The combined $8.8 billion company "enhances Martin Marietta’s position as an aggregates-led, low-cost operator in the perennially largest and fastest growing geographies in the United States," Martin Marietta announced Wednesday (July 2).

"With a leading U.S. aggregates position, the acquisition provides complementary, high-quality assets in cement and ready mix concrete, augmented by the company’s best-in-class long-haul transportation network," Martin Marietta said..

Martin Marietta Materials
Martin Marietta Materials

Martin Marietta Materials operates more than 400 facilities in the U.S., Canada and the Caribbean.

The deal was announced in January and approved June 30 by shareholders of both companies. Under the terms of the agreement, Texas Industries shareholders will receive 0.700 Martin Marietta shares for each share of Texas Industries common stock they owned at closing.

TXI was delisted from the New York Stock Exchange after the transaction.

About the Companies

Martin Marietta, a member of the S&P 500 index, is a leading supplier of aggregates and heavy building materials. The company was founded in 1939 as Superior Stone and, in 1993, became part of Martin Marietta.

Martin Marietta’s Magnesia Specialties business provides a full range of magnesium oxide, magnesium hydroxide and dolomitic lime products.

TXI
Texas Industries Inc.

Texas Industries, founded in 1951, produces concrete, cement, aggregate, slurry and related products for commercial and industrial applications.

Texas Industries, founded in 1951, produces concrete, cement, aggregate, slurry and related products. It is the largest cement producer in Texas and a significant supplier in California.

In addition,TXI Energy Services provides specialized drilling products and petrochemical support services to the energy industry.

Expansion Seen

The merger will expand Martin Marietta's "platform for growth," with vertical integration in select markets, greater scale, and increased geographic and product diversification, the companies said in January.

"In particular, Martin Marietta will benefit from greater exposure to the expanding cement markets in Texas and California - two of the largest and fastest-growing markets for construction materials in the United States," said chairman, president and CEO Ward Nye.

TXI
Texas Industries Inc.

Texas Industries is the largest cement producer in Texas and a major supplier in California.

The combined company now boasts a network of more than 400 quarries, mines, distribution yards and plants spanning 36 states, Canada, and the Caribbean Islands.

"As a result of this combination, we will be poised to capitalize on the strength of our combined aggregates platform as well as the significant upside potential in the infrastructure, residential and nonresidential construction
segments," said Nye.

 
 

   

Tagged categories: Acquisitions; Bridges; Building materials; Cement; Concrete; Roads/Highways

Comment Join the Conversation:

Sign in to our community to add your comments.

PPG Protective and Marine Coatings Group
Bringing innovation to the surface.™

PPG Protective & Marine Coatings is widely recognized as a world leader in protective and marine coatings, developing innovative, cutting-edge products and services.


N.T. Ruddock Co.

Our Abrasives Hold Up Under Pressure

N. T. Ruddock focuses on abrasive selection, equipment evaluation, equipment maintenance & reduction of abrasive consumption. Other services include Screen Analysis & Background Radiation Testing.


Nationwide Overspray
Profession Overspray Removal Services

The Finest Name in Safe Overspray Removal. We specialize in removing all contaminants from any surface. Family Owned and Operated for 33 years! Fully insured. Satisfaction is guaranteed.


Novetas Solutions
Number 1 Crushed Glass Abrasive in America!

Manufactured from 100% Recycled Glass.
NO Crystalline Silica,
Beryllium & Arsenic
Great White Metal Finish!
4 plants on Navy QPL
Call us at 866-775-6226


Atlantic Design, Inc.
ENGINEERING SOLUTIONS, NOT EXCUSES

See our website for features of our best seller, the ADI 3500CFM 4-Pot Blast Vacuum Recycler. A smaller package with all the ADI power you need. 866.Call.ADI


SAFE Systems, Inc.
Custom blast rooms
by SAFE Systems

Don't waste time and money "making do" with a "standard" design. Let us work with you to design and build the system that best fits your requirements.
Call 1-800-634-7278


Safway Services
Superior Suspended Access with QuikDeck®

Get improved platform stability with QuikDeck®. Open workspace designed for fast installation and safety. Easily moved to reduce cost. Safe to the environment.


Seymour Midwest
Coating Application Tools & Supplies

Visit our “Where to Buy” site to find a local paint or tool supplier near you. Click here for a chance to win $500 of Tools & Supplies. 1(844)739-6687 Sales@SeymourMidwest.com


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


Wasser High-Tech Coatings Inc.
Polyflex® Polyurea Linings

Polyflex ™ new Polyurea Geotextile Membrane System has been specifically engineered to protect the environment in containment applications.
www.polyflexlinings.com

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2016, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com