Sources: Martin Marietta Materials, Raleigh, N.C.; U.S. Department of Justice Antitrust Division; CP staff
Five months of shareholder guidance and regulatory review appear to have gone according to script for Martin Marietta, which is on track to promptly consummate a merger positioning it as the largest U.S.-based aggregate, cement and ready mixed producer.
Sources: CP staff; S&P Dow Jones Indices LLC, New York City
Martin Marietta Materials Inc. will gain elevated stature on Wall Street as it absorbs Texas Industries Inc., and switches spots from the Standard & Poors MidCap 400 to S&P 500 Index with one of the 20th century’s corporate icons, United States Steel Corp.—a past cement (Universal Atlas) and aggregate (Presque Isle, Mich., mega-quarry) operator in its own right.
Source: Aggregate Industries US, Bedford, Mass.
Guy Edwards has been appointed Aggregate Industries US chief operating officer, bringing a resume spanning management roles for the United Kingdom operations of Hanson, Tarmac and Aggregate Industries predecessor, Bardon. He will be tasked with strategy implementation and business improvement, and assessing the organization’s structure, efficiency and performance.