Vulcan Materials

Business & Economy
9:35 am
Tue December 13, 2011

Martin Marietta Seeks to Take Over Rival

Raleigh-based Martin Marietta wants to merge with its main competitor.  What started out as a private negotiation is now a hostile takeover.

Martin Marietta wants to merge with Birmingham, Alabama-based Vulcan Materials.  The two companies are the U-S leaders in the production of rock, gravel, sand and other building materials.   Ward Nye is the C-E-O of Martin Marietta.

Ward Nye:  "As is well know, these last few years have been challenging for our industry given economic recession and reduction in infrastructure, commercial and residential construction projects."

Read more