Martin Marietta Materials Inc. acquired two Colorado-based companies, growing its workforce by about 400 people, strengthening its long-term position in the state’s southern market and complementing its presence in the metro Denver area.
The larger of the two acquisitions, Colorado Springs-based Rocky Mountain Materials & Asphalt and Rocky Mountain Premix, was finalized Feb. 6. The acquisition added nearly 400 employees at Red Canyon Quarry, a granite and limestone quarry; Sokol and Penrose Ranch, two active sand-and-gravel operations; two ready-mix plants; two asphalt plants; and a recycling facility. Rocky Mountain Materials also sells decorative landscape stone and other landscaping materials.
The smaller acquisition, that of Front Range Aggregates and its rock and rail subsidiary, was completed Nov. 13. This acquisition added about 25 employees at the Parkdale Quarry, an aggregates facility; Drennan Yard, a distribution facility; and Rock & Rail, a federally chartered short-line railroad that operates east and west between Pueblo and Parkdale, Colo.
Combined, the acquisitions add nearly 1 billion tons of aggregates to Martin Marietta’s reserves. The new employees and locations join the company’s Rocky Mountain Division, based in Westminster, Colo., just north of Denver.
