Martin Marietta

Steve Zelnak
NC State

NC State University now has endowed its first chair for a dean, and it’s in the College of Management.  Chancellor Randy Woodson made the $4 million announcement Tuesday.

“This is the first endowed chair for a Dean at N.C. State, and the first college that was endowed and we couldn’t be more pleased," said Woodson.

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.

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."