Vulcan increase operational footprint in Texas
Company enhances supply capabilities in greater Dallas market by acquiring Martin Marietta divestments
VULCAN Materials Co., the largest producers of construction aggregates in the US, have acquired aggregates operations that will enhance their ability to serve customers in the greater Dallas market.
The company has completed the acquisition of one quarry in southern Oklahoma with rail distribution capabilities into Texas and two rail distribution yards in the Dallas area from Martin Marietta Materials for cash and real property.
The Martin Marietta Materials divestments were required by the Department of Justice as a condition of their recent acquisition of Texas Industries Inc., which closed on 1 July 2014.
Tom Hill, chief executive officer of Vulcan Materials Co., said: ‘Texas is a strategic market for us and this acquisition provides an important complement to our other aggregates sources and distribution facilities across the state.
‘These facilities will enhance our aggregates supply capabilities in Texas and provide additional opportunities to better serve our customers.’