Cement

Business & Economy
7:37 am
Thu January 30, 2014

Raleigh Based Company Martin Marietta To Buy Texas Industries In $2.7 Billion Deal

Ward Nye will continue on as President and CEO of Martin Marietta after the merger.
Credit Martin Marietta Materials

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.

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