The corporate venture capital and innovation unit of Cemex S.A.B de C.V. invites participants in the sixth Construction Startup Competition—the biggest such program for the global construction industry. Open to businesses in their early stages up to their commercialization phase, the Cemex Ventures competition suits entrepreneurs who wish to knock on the doors of potential business partners. Participants can apply…Read More
Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff Martin Marietta Materials has entered a definitive agreement to sell CalPortland Co. a group of California assets for $250 million: Redding cement plant and related distribution terminals plus 14 ready mixed concrete sites. Martin Marietta acquired the former Lehigh Hanson West Region properties in 2021 and signaled their likely sale in…Read More
Sources: Martin Marietta Materials, Inc.; CP staff
Results from the first financial reporting period to follow the Martin Marietta–Texas Industries Inc. merger, consummated July 1, underscore the potential that three strategic cement and 100-plus ready mixed operations afford the industry’s second largest aggregate producer. Martin Marietta reports third quarter sales of $918 million, existing or heritage businesses accounting for $644 million—a 7.3 percent gain over 2013 Q3 figures.
Martin Marietta Materials, Inc. and Texas Industries, Inc. announced in late January their boards’ unanimous approval of a definitive merger agreement under which Martin Marietta will acquire all outstanding shares of TXI common stock in a tax-free, stock-for-stock transaction. Based at existing Raleigh, N.C., headquarters and operating under the Martin Marietta Materials, Inc. banner, the combined entity will create a market-leading supplier of aggregates and heavy building materials, with low-cost, vertically integrated aggregate and targeted cement operations.Read More