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Martin Marietta Eyes Texas Growth With Texas Industries

Martin Marietta Materials Inc. Chief Executive Officer Ward Nye embraces the expression “everything’s bigger in Texas.” That’s why he says he jumped at the chance to double sales there when cement maker Texas Industries Inc. decided to sell late last year.

Nye’s company will double the percentage of sales in the Lone Star state with the $2.7 billion purchase of Dallas-based Texas Industries, Nye said in a interview. Martin Marietta also picks up a California cement plant near Los Angeles that will give the company “options,” Nye said.