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Martin Marietta Materials

From Wikipedia, the free encyclopedia
Martin Marietta Materials, Inc.
Company typePublic
IndustryConstruction Materials
Founded1993
HeadquartersRaleigh, North Carolina, U.S.
Key people
C. Nye (President & CEO)
Jim Nickolas (CFO)
RevenueIncrease US$4.7 billion (2020)[1]
Increase US$1 billion (2020)
Increase US$721 million (2020)
Total assetsIncrease US$10.6 billion (2020)
Total equityIncrease US$5.9 billion (2020)
Number of employees
8,714 (2019)
Websitemartinmarietta.com
Martin Marietta Materials' Quivas Ready Mix plant in Denver, Colorado

Martin Marietta Materials, Inc. is an American company and a member of the S&P 500 Index. The company is a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada and the Caribbean. In particular, Martin Marietta Materials supplies resources for the construction of roads, sidewalks and foundations.

History

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The present-day materials business is distantly descended from Superior Stone, an aggregates company founded in 1939 in Raleigh, North Carolina. In 1959, the company was purchased by the American-Marietta Corporation, which merged with the Glenn L. Martin Company a year later to form the Martin Marietta Corporation. In 1971, Martin Marietta acquired Harvey Aluminum, a company which made aluminum oxide, aluminum ingot and aircraft grade aluminum sheet. Martin Marietta merged with Lockheed Corporation in 1995, and a year later, Martin Marietta Materials was spun off as an independent company, with Lockheed Martin retaining various aerospace, defense, and other manufacturing lines of business.

Martin Marietta's Magnesia Specialties business provides a full range of magnesium oxide, magnesium hydroxide and dolomitic lime products.[citation needed]

References

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  1. ^ "Martin Marietta Materials company profile". Craft. Retrieved 2019-08-19.
[edit]
  • Official website
  • Martin Marietta Magnesia Specialties
  • Business data for Martin Marietta Materials: