Martin Marietta acquires companies

Martin Marietta has acquired two companies based in Colorado. Through this it has grown its workforce by about 400 people, strengthened its long-term position in the state’s south-eastern market and complemented its already substantial presence in the metro Denver area.

The larger of the two acquisitions, Colorado Springs based Rocky Mountain Materials and Asphalt and Rocky Mountain Premix, was finalised on 6 February. It adds nearly 400 employees at a granite and limestone quarry (Red Canyon Quarry), two active sand and gravel operations (Sokol and Penrose Ranch), two ready mix plants, two asphalt plants and a recycling facility. The business also sells decorative landscape rock and other landscaping materials.

The smaller acquisition, that of Front Range Aggregates and its Rock & Rail subsidiary, was completed on 13 November. It adds about 25 employees at an aggregates facility (Parkdale Quarry), a distribution facility (Drennan Yard) and Rock & Rail, a federally chartered short-line railroad that operates east and west between Pueblo and Parkdale, Colorado.

The two acquisitions combined add nearly 1 billion t of aggregates to Martin Marietta’s reserves. The new employees and locations join the Company’s Rocky Mountain Division, based in Westminster, Colorado, just north of Denver.

Adapted from press release by Rebecca Bowden

Read the article online at: https://www.worldcement.com/the-americas/24022016/martin-marietta-acquires-companies-558/