Martin Marietta Completes Acquisition

Oct. 4, 2021 – Martin Marietta Materials Inc. successfully completed its previously announced acquisition of Lehigh Hanson Inc.’s West Region business for $2.3 billion in cash. Consistent with the company’s Strategic Operating Analysis and Review (SOAR) 2025 Plan, the acquisition provides the company with 17 active aggregates facilities, two cement plants and related distribution terminals, and targeted downstream operations serving key…

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Martin Marietta District Achieves Safety Milestone

Martin Marietta’s North Texas/Oklahoma District has been here before. In April, the group celebrated a full year (more than 1 million hours) of work without a reportable incident across all 18 of its operations. It’s the second such achievement in the district’s history and this time, the team is far better positioned to make it endure.  “The first time we…

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Ressler Receives 2021 Barry K. Wendt Memorial Scholarship

Kyle Ressler, a rising senior at the University of Kentucky (UK), has been selected as the recipient of the 2021 Barry K. Wendt Memorial Scholarship. Awarded by a panel of National Stone, Sand & Gravel Association (NSSGA) member judges, the scholarship is given annually to a student pursuing a mining-related degree and plans to make a career in the aggregates…

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Martin Marietta Buys SCC

Aug. 31, 2021 – According to media reports, Spanish conglomerate Ferrovial has agreed to sell its U.S. unit Southern Crushed Concrete (SSC), The Woodlands, Texas, to Martin Marietta Materials for about $140 million. Ferrovial, which also operates airports and toll roads, said last month it had agreed to sell certain non-strategic assets, including SCC, but did not give details. The deal…

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Mergers and Acquisitions Dominate the News

In the last couple of months, I have written about the housing boom, as well as an economy on fire, which coupled with the prospects for an infrastructure bill just adds optimism to the outlook for our industry. But as we look out toward the last remaining months of the year, it has been remarkable to witness the growth spurt…

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Martin Marietta Looks Forward

July 29, 2021 – Martin Marietta released its second-quarter report, and it features record consolidated revenues, even with inclement weather hampering operations in Texas and Colorado. The company remains confident that favorable pricing dynamics will continue, supported by the company’s locally-driven pricing strategy. Additionally, the company anticipates single-family housing growth, expanded infrastructure investment and notable heavy industrial projects of scale will…

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