Martin Marietta

Business & Economy
7:07 am
Wed September 24, 2014

NC State University Endows First College Chair

Steve and Judy Zelnak endow Dean's Chair at NC State's Poole College of Management for $4 million.
Credit 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.

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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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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."

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