Martin Marietta Materials’ pending acquisition of Bluegrass Materials is big news and Ward Nye, president and CEO of Martin Marietta, said the $1.6 billion buy means big business in the Southeast, according to Brian Krehbiel, vice president for investment banking firm Headwaters MB.
Read MoreTag: Martin Marietta
FIRST LOOK – JUNE 2017
TOP NEWS Martin Marietta Off to Strong Start in 2017 Martin Marietta Materials Inc. reported strong results for the first quarter ended March 31, 2017. The company achieved record consolidated net sales of $791.7 million, an increase of 7.9 percent compared with $734.0 million in the prior-year’s first quarter. Cemex to Build Aggregates Distribution Terminal Cemex USA announced it is…
Read MoreMartin 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.
Read MoreMartin 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.
Read MoreFIRST LOOK – MAY 2017
TOP NEWS Nye Tells Congress to Invest Ward Nye, Martin Marietta chairman, CEO and president, explained to members of the House Natural Resources Subcommittee on Energy and Mineral Resources about the importance of aggregates for infrastructure projects and the negative impact of excessive regulation on efforts to fix the nation’s crumbling infrastructure. BMC Enterprises Expands BMC Enterprises Inc. made three…
Read MoreMartin Marietta Off to Strong Start in 2017
Martin Marietta Materials Inc. reported strong results for the first-quarter ended March 31, 2017. The company achieved record consolidated net sales of $791.7 million, an increase of 7.9 percent compared with $734.0 million in the prior-year’s first quarter.
Read MoreSouth Carolina Wildlife Federation Certifies Martin Marietta Quarry
The South Carolina Wildlife Federation (SCWF) certified Martin Marietta’s Berkeley Quarry as a Wildlife And Industry Together (W.A.I.T.) site. The W.A.I.T. program recognizes industries that are dedicated to protecting the environment and keep wildlife needs in mind when making land-management decisions. Martin Marietta joined 29 other manufacturers in the state with this distinction, including BMW, Michelin, Honda of S.C., Duke…
Read MorePERMITTING – MARCH 2017
Rogers Group Seeks Special Exemption Rogers Group, Inc. is once again seeking a special exception for a proposed limestone quarry, according to the Journal and Courier. “Rogers Group is moving forward with our project and is looking forward to serving customers in the Greater Lafayette, Ind., market,” company spokesman Tom Kenley told the paper. The company highlighted quarry construction and…
Read MoreNye Tells Congress to Invest In Infrastructure
Ward Nye, Martin Marietta chairman, CEO and president, explained to members of the House Natural Resources Subcommittee on Energy and Mineral Resources about the importance of aggregates for infrastructure projects and the negative impact of excessive regulation on efforts to fix the nation’s crumbling infrastructure.
Read MoreFIRST LOOK – MARCH 2017
TOP NEWS Martin Marietta Makes Waves Martin Marietta Materials Inc. reported record results for the fourth quarter and full year 2016. For the fourth quarter of 2016, Martin Marietta achieved net sales of $889.0 million compared with $780.8 million in the 2015 fourth quarter. New Enterprise Buys New Enterprise Stone & Lime Co. Inc. acquired the core assets of Berks…
Read More