Martin Marietta Materials Inc. reported results for the third quarter ended Sept. 30, achieving record consolidated products and services revenues of $1.463 billion, versus $1.241 billion in 2020.
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First Look – November 2021
TOP NEWS Luck Stone Acquires Ararat Rock Products Luck Stone acquired North Carolina-based Ararat Rock Products, which operated quarries in Mount Airy and Eden, one of the largest acquisitions in the company’s nearly 100-year history. Mellott Company SoldMellott Company has been acquired by MFG Partners and PNC Mezzanine Capital. Global investment bank Stout served as exclusive financial advisor to Mellott…
Read MoreMartin Marietta Expands Academic Outreach, Partners with Shaw University
In yet another move to support education and attract the young leaders needed to ensure the company’s future success, Martin Marietta has entered into a partnership with Shaw University, a historically Black university in Raleigh, N.C.
Read MoreMartin 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…
Read MoreMartin Marietta CEO Ward Nye Elected ARTBA Chair
Ward Nye, chairman and CEO of North Carolina-based Martin Marietta Materials, has been elected 2021-2022 chair of the American Road & Transportation Builders Association (ARTBA). The announcement was made during ARTBA’s national convention, held Sept. 26-29 in Pinehurst, N.C.
Read MoreMartin 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…
Read MoreRessler 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…
Read MoreMartin 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…
Read MoreOhio Quarry Noted for Reclamation
An Ohio District reclamation project that has successfully transitioned an open-pit limestone quarry to a sprawling open space has been recognized nationally by the Interstate Mining Compact Commission (IMCC).
Read MoreNye Talks About Infrastructure
August 3, 2021 – Ward Nye, chairman and CEO of Martin Marietta Materials, weighed in on the bipartisan Senate bill and the construction industry on “The Claman Countdown” on Fox Business. Interesting is his take on when he thinks new infrastructure spending will hit the market and impact aggregates producers. Watch here.
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