Vulcan Materials Co. has completed the acquisition of one quarry in southern Oklahoma and two distribution yards in Dallas from Martin Marietta Materials, says a press release.
According to an additional press release, Martin Marietta was required to sell the properties by a consent decree that was a condition of the Department of Justice’s clearance of the company’s acquisition of Texas Industries Inc., which closed on July 1.
“Texas is a strategic market for us,” says Tom Hill, chief executive officer of Vulcan Materials. “This acquisition provides an important complement to our other aggregates sources and distribution facilities across the state. These facilities enhance our aggregates supply capabilities in Texas and provide additional opportunities to better serve our customers.”
