Sources: U.S. Concrete Inc., Euless, Texas; CP staff
One of two U.S. Concrete platform businesses in the Lone Star State, Ingram Concrete LLC has acquired the ready mixed production assets of T&S Ventures LLC, based in Sweetwater, Texas. The deal was announced five weeks after Ingram Concrete closed on the assets of Young Ready-Mix Inc., a single-plant, Brady, Texas operator.
Sources: Martin Marietta Materials, Inc., Raleigh, N.C.; CP staff
The boards of Martin Marietta and Dallas-based Texas Industries, Inc. have unanimously approved 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 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. With greater geographic and product diversity and a leading distribution network, it will have uniquely positioned assets across some of the nation’s largest and fastest growing geographies.