Texas Industries Said in Talks on Sale to Martin Marietta

Martin Marietta Materials Inc., the U.S.’s second-largest producer of sand, gravel and crushed rock used in construction, is in advanced talks to acquire building-materials company Texas Industries Inc., people with knowledge of the matter said.

An agreement could be announced as early as next week, said the people, who asked not to be named because the information is private. Dallas-based Texas Industries, which has a market value of more than $2 billion, is working with Citigroup Inc. to find a buyer, people said last month.