PRODUCERS – NOVEMBER 2015

26 Ron 200

Ronnie Pruitt has joined U.S. Concrete Inc. as senior vice president and chief operating officer, a new position charged with direct oversight of ready mixed, aggregate and ancillary operations in New York and New Jersey, Texas and Oklahoma, and California. His 20-plus years’ industry experience was gained primarily at Dallas-based Texas Industries Inc., where he served as vice president of Cement Production and vice president of Sales & Marketing, Cement and Aggregates Divisions. Following the mid-2014 TXI–Martin Marietta Materials merger, Pruitt was named vice president of Cement Sales.

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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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