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Martin Marietta to Acquire Bluegrass Materials

Martin Marietta Materials Inc. and Bluegrass Materials Co. announced that they have entered into a definitive agreement under which Martin Marietta will acquire Bluegrass for $1.625 billion in cash. 

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New Home Sales Rise 2.9 Percent in May

Sales of newly built, single-family homes in May rose 2.9 percent to a seasonally adjusted annual rate of 610,000 units after an upwardly revised April reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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Martin Marietta's Lloyd to Retire; Nickolas Named as Successor

Martin Marietta Materials Inc. announced that Anne H. Lloyd will retire as executive vice president and chief financial officer of the company, effective mid-August 2017. Lloyd will remain with the company through September to ensure a smooth transition.

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New Study Quantifies Economic Impact of Aggregates Industry

To better understand the effect of the U.S. aggregates industry on the economy and jobs, the Phoenix Center released a new economic “Scorecard” entitled "The Economic Impact of the Natural Aggregates Industry: A National, State, and County Analysis."

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New Construction Starts in May Edge Up 1 Percent

At a seasonally adjusted annual rate of $651.2 billion, new construction starts in May increased a slight 1 percent from April, according to Dodge Data & Analytics. Public works construction bounced back 30 percent from its subdued April amount, helped by the May start of four large pipeline projects totaling a combined $3.0 billion. This enabled the nonbuilding construction sector (which also includes electric utilities and gas plants) to register a 23 percent gain in May, offsetting modest 4 percent declines for both nonresidential building and housing.

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