Raleigh-based Martin Marietta Materials is moving ahead with its largest acquisition yet. It is acquiring leading cement producer Texas Industries.
Martin Marietta is one of the largest U.S. producers of construction aggregates like crushed stone, sand and gravel. Once the company formally merges with Texas Industries, it’s sure to be number one.
The $2.7 billion transaction couldn’t come at a better time, as housing and other construction is starting to bounce back.