On April 14, Martin Marietta Materials Inc.
acquired six quarry operations located in Georgia and Tennessee, from
Vulcan Materials Co. for an estimated $192 million. The acquisition will
enable Martin Marietta to strengthen its position in Georgia and
Tennessee by increasing its annual production by 30 percent. Post
acquisition, these six acquired quarries will be included in Martin
Marietta Materials’ Southeast Group. This divestiture was a required
condition of the U.S. Department of Justice’s clearance for Vulcan’s
acquisition of Florida Rock Industries, Inc.

—by Bill Watkins, managing director, National City
Capital Markets. Watkins is a contributing editor and may be reached at
216-222-7134 or at
William.Watkins@NationalCity.com.