Martin Marietta to Purchase TXI

Fresh on the heels of the recent acquisition of Vulcan Materials’s cement and ready-mix operations by Argos, the latest news out of the industry concerns the announcement on Tuesday that Martin Marietta Materials to purchase Texas Industries (TXI).  The reported $2.7 billion purchase price includes plants in California and Texas.  This follows a 2011 attempt by Martin Marietta to acquire Vulcan Materials – an unsolicited bid which was rejected at the time.  The merger still requires regulatory approval, which is expected to be completed in Q2 2014.  The acquisition would make Martin Marietta the largest aggregate producer in the US.



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