TXI merger entrenches Martin Marietta in ready mixed production

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.

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Central Concrete aligns with admixture supplier Pervious Plus Inc.

Source: U.S. Concrete Inc., Houston

Major northern California ready mixed producer Central Concrete Supply Co. will adopt an admixture, Pervious Plus, formulated to improve pervious concrete mix workability and finished slab durability. An agreement with Pervious Plus Inc. of Citrus Heights, Calif., will see Central Concrete market the brand and add the pervious mix to EF Technology, a family of environmental products promoted throughout the operations of parent U.S. Concrete.

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