Martin Marietta – Page 3 – Concrete Products

Vulcan, Martin Marietta, Oldcastle top USGS crushed stone ranking

July 23, 2018 Concrete News

Sources: U.S. Geological Survey; Rock Products

The top 20 crushed stone producers accounted for 743 million metric tons, or 55 percent of the 2016 U.S. output, according to a report USGS Commodity Specialist Jason Willet prepared from the most current shipment data available. He also finds that the top 100 operators’ limestone and granite production totaled 1.02 billion mt, or 75 percent of industry shipments, in 2016. The 294 leading companies in his survey, representing 20 percent of operators tracked, were responsible for 1.21 billion mt or 89 percent of output.

GCC, Martin Marietta, Summit deals clear CRH path to Ash Grove closing

June 15, 2018 Concrete News

Sources: U.S. Federal Trade Commission; CP staff

CRH Americas will consummate a $3.5 billion acquisition of Ash Grove Cement Co. by month’s end following a June 14 settlement resolving Federal Trade Commission charges that the deal violates antitrust law. Terms call for the Oldcastle Inc. parent company to sell a Three Forks, Mont., cement plant and quarry to GCC Americas; three Omaha, Neb., area sand & gravel sites to Martin Marietta Materials; plus, three quarries and two asphalt plants near Kansas City to Summit Materials. The settlement also contains two three-year provisions: It grants GCC an option to use two Three Forks-fed CRH terminals in Alberta; and, holds that CRH, at GCC’s option, will purchase cement from the mill for distribution in Canada.

Martin Marietta to shed two quarries, consummating Bluegrass Materials deal

May 2, 2018 Concrete News

Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff

Martin Marietta has closed on Bluegrass Materials Co. in a $1.65-billion cash transaction, underscoring an aggregates portfolio addition of 125-plus years of high-quality reserves across Georgia, South Carolina, Maryland, Kentucky and Tennessee. Management projects annual savings from synergies of assimilated operations, including 23 active sites, upward of $15 million.

Martin Marietta veteran named NRMCA Driver of the Year

March 6, 2018 Concrete News

Sources: National Ready Mixed Concrete Association, Silver Spring, Md.; CP staff

Leonard “Glenn” Brown of Martin Marietta’s Rocky Mountain Division is the 2018 Ready Mixed Driver of the Year. Based at the producer’s Chambers Plant in Aurora, Colo., he was honored during the NRMCA annual convention in Houston, and will receive $5,000 from the Truck Mixer Manufacturers Bureau.

Martin Marietta, Vulcan sales and profits stay in lockstep

February 27, 2018 Concrete News

Sources: CP staff; Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials Co., Birmingham, Ala.

For a second consecutive year, the industry’s top aggregates producers closed 12 months with near-equal financials, albeit from differing levels of sand & gravel, crushed stone, ready mixed concrete, cement and asphalt.

PRODUCERS – FEBRUARY 2018

February 19, 2018 Concrete News

Cemex USA and Rinker Materials veteran Karl Watson Jr. has joined Denver-based Summit Materials as executive vice president and chief operating officer, succeeding Douglas Rauh. He arrives at the ready mixed, cement, aggregates and asphalt producer with 25-plus years in construction materials, most recently serving as president of Martin Marietta Materials’ Cement & Southwest Ready Mix business.

Summit Materials enlists K. Watson Jr. for EVP, COO post

January 4, 2018 Concrete News

Sources: Summit Materials Inc., Denver; CP staff

Cemex USA and Rinker Materials veteran Karl Watson Jr. has joined Summit Materials as executive vice president and chief operating officer, succeeding Douglas Rauh. He arrives at the ready mixed, cement, aggregates and asphalt producer with 25-plus years in construction materials, most recently serving as president of Martin Marietta Materials’ Cement & Southwest Ready Mix business.

PRODUCERS – AUGUST 2017

August 29, 2017 Concrete News

Martin Marietta Materials has named James A.J. Nickolas senior vice president and chief financial officer, effective this month. He succeeds the retiring Anne Lloyd, who will remain with the producer through September, capping a 12-year term as CFO. Nickolas most recently led the Caterpillar Inc. Corporate Development Group, following CFO tours of duty at the manufacturer’s Resources Industries segment and Global Mining division. Prior to Caterpillar, he was executive director of J.P. Morgan Securities.

Bluegrass, Aggregates USA deals speak to healthy Martin Marietta, Vulcan rivalry

July 26, 2017 Don Marsh

The top two U.S. aggregate producers are pacing each other in building annual production volumes and long-term limestone and granite reserves. Predictable in most any economic cycle, their strategy takes on new dimensions in 2017, as investors see U.S. crushed stone and sand & gravel shipments netting some of the best returns or future earnings prospects in heavy building materials.

Martin Marietta deepens Southeast, Mid-Atlantic stakes in $1.6B Bluegrass deal

June 27, 2017 Concrete News

Sources: Martin Marietta Materials, Inc., Raleigh, N.C.; CP staff

Martin Marietta anticipates a fourth quarter closing on Bluegrass Materials Co., billed as the largest privately held aggregates producer in the U.S., with 23 active sites across Georgia, Kentucky, Maryland, South Carolina and Tennessee. The $1.6 billion deal follows by four and two months, respectively, announcement of two other major transactions anchored on Southeast aggregates riches: CRH/Oldcastle Materials’ acquisition of Indiana-based Mulzer Crushed Stone Inc. (Indiana, Kentucky and West Virginia sites) and Vulcan Materials’ acquisition of Aggregates USA (Florida, Georgia, South Carolina, Tennessee and Virginia sites).