Company History

Milestones & Moments

  • 1939
    Aggregates company Superior Stone was founded in Raleigh, NC.
  • 1959
    Superior Stone merged with the American-Marietta Corp., a national producer of construction materials, paints, chemicals and building products.
  • 1961
    Merger of American-Marietta Corp. and the Glenn L. Martin Company created the Martin Marietta Corporation, a leader in aerospace, cement, aggregates, electronics and chemicals.
  • 1993
    Martin Marietta Materials incorporated as part of the Martin Marietta Corp.
  • 1994
    Martin Marietta Materials listed on the New York Stock Exchange as MLM.
  • 1994
    Growth strategy led to several acquisitions of quarries in South Carolina, Virginia and Georgia.
  • 1995
    Became the No. 2 aggregates producer in the U.S. after acquiring Dravo Corp. Acquisition enabled Martin Marietta Materials to provide products to coastal markets along the Eastern Seaboard, the Gulf of Mexico and the Mississippi River system.
  • 1995
    Five additional acquisitions completed, including an operation on the Strait of Canso in Nova Scotia.
  • 1996
    The spin-off of Martin Marietta Materials was completed. Martin Marietta Materials became a separate and independent entity.
  • 1996
    Martin Marietta Materials' strategic position enhanced in the midwest with several small acquisitions.
  • 1997
    Aggregates business expanded in Indiana and Ohio with purchase of American Aggregates Corp. Eight more acquisitions were completed, including quarries producing chemical-grade limestone for agricultural and utility needs.
  • 1998
    Achieved more than $1 billion in sales as fifth year as a public company is celebrated.
  • 1998
    Congress passed the Transportation Equity Act for the 21st Century ("TEA-21") on May 22, 1998, providing $218 billion in infrastructure funding, an approximately 40 percent increase over the predecessor bill funding levels.
  • 1998
    Purchase of Redland Stone expanded aggregates operations and provided an extensive rail network in Texas.
  • 1998
    Purchased interest in Meridian Aggregates Company, serving 14 western states, and completed 11 acquisitions by year-end.
  • 1999
    Business expanded in Texas, Tennessee, Louisiana, Arkansas, West Virginia, Mississippi and Alabama through 10 acquisitions.
  • 2001
    Purchase of the Meridian Aggregates Company was completed, enhancing Martin Marietta Materials' rail distribution network.
  • 2001
    State-of-the-art aggregates plant and ship-loading facility, Bahama Rock, was brought on at the Freeport, Bahamas quarry; the largest new plant investment in Martin Marietta Materials' history.
  • 2001
    A new enterprise-wide computer information system was successfully implemented, replacing old systems with state-of-the-art technology that supported growth and enabled better access to information.
  • 2001
    A record 13 acquisitions were completed, enhancing the company's strategic footprint.
  • 2001
    A record 23 percent of aggregates shipments were made via water or rail as a result of the extensive distribution network established during previous years.
  • 2002
    Completed six acquisitions, expanding business in North Carolina, Alabama, Texas and Florida.
  • 2002
    Implemented a new decision-based safety program, focused on personal behavior, in the aggregates business.
  • 2002
    Magnesia Specialties entered into an agreement with Dow Chemical Company to supply by-product, via a pipeline, to Dow's Ludington, MI plant from its Manistee, MI plant.
  • 2004
    Continued focus on creating carefully considered, safer employee decisions, resulting in a 21% reduction in injuries from the prior year and a record low incidence rate; reflected the best safety performance achieved as a public company.
  • 2005
    The Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users was signed into law by President George W. Bush on August 10, 2005.
  • 2006
    Accomplished record net earnings of $245.4 million, with operating cash flow of $338.2 million and investment of $266 million in internal capital projects.
  • 2006
    Returned record $219 million to shareholders through $173 million of share repurchases and $46 million of dividend payments. Delivered return on shareholders' equity of 20.2 percent.
  • 2008
    Completed asset exchange with Vulcan Materials Company and added six locations in Georgia and Tennessee.
  • 2008
    Added two new, highly-automated plants - one in Weeping Water, NE and another in Augusta, GA - significantly increasing capacity and efficiencies.
  • 2009
    Completed an acquisition of three western U.S. quarries from CEMEX, Inc.
  • 2009
    Fortune magazine ranked Martin Marietta Materials No. 1 on its "World's Most Admired Company for Building Materials Industry" list.
  • 2010
    Record employee safety performance achieved as measured by a 14% reduction in Total Case Incident Rate from 2009.
  • 2010
    Increased aggregates product line volumes for the first time in four years.
  • 2011
    Asset exchange with Lafarge North America, Inc. achieved identified strategic initiative with entry into Denver, CO market.
  • 2011
    Selected for the InformationWeek 500 for 10th consecutive year.
  • 2011
    Continued strategic focus on Florida market with addition of an aggregates sales yard near Tampa, FL.
  • 2012
    Passage of the Moving Ahead for Progress in the 21st Century Act (MAP-21), a two-year federal highway bill providing approximately $40 billion per year through September 30, 2014.
  • 2012
    Completed construction of a new dolomitic lime kiln at the Specialty Products' Woodville, OH facility.
  • 2013
    Acquired three Atlanta quarries with 800 million tons of reserve.
  • 2014
    Enhanced position in Texas and California with acquisition of Texas Industries, Inc., a leading producer of cement and ready mixed concrete.
  • 2014
    Ranked 16th in inaugural InformationWeek Elite 100, a listing of the nation's top business technology innovators.
  • 2014
    Joined S&P 500, marking first time in company history to be included on this prestigious benchmark index.
  • 2014
    Introduced the first changes to brand identity in two decades, and unveiled a radical redesign of the corporate website.
  • 2015
    Hosted inaugural Analyst and Investor Day event in New York City, simulcast live on the Internet. Later that same day, CEO Ward Nye made his first appearance on CNBC’s Mad Money with Jim Cramer.
  • 2015
    The Guardian Angel Safety Program, already utilized by three operating divisions, is adopted as a companywide initiative.
  • 2015
    Martin Marietta reports for the first time on sustainability and affirms the Company's commitment to the communities it serves. The report highlights the Company's world-class safety program, its' support of education and health, and an environmental program that ensures operational excellence.
  • 2016
    Medina Rock & Rail, the largest capital construction project in Martin Marietta's history, opens for business in Hondo, Texas. The rail-only operation will be an important source of high-quality Department of Transportation specification aggregates for South Texas markets, including Houston.
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    • 2000
    • 2010
    • Today

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