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Martin Marietta, TXI to take merger proposal to shareholders at month’s end

Sources: Martin Marietta Materials, Raleigh, N.C.; CP staff

Martin Marietta and Texas Industries have scheduled special shareholders meetings the morning of June 30 to consummate a merger agreement their boards unanimously approved in January. In Dallas, TXI shareholders will vote on a merger proposal netting .70 share of newly issued Martin Marietta stock for each TXI share. An hour later in North Carolina, Martin Marietta will seek approval to issue the additional shares.

Read more: Martin Marietta, TXI to take merger proposal to shareholders at month’s end

EPA tags builder for lax concrete washout, stormwater management

Sources: Environmental Protection Agency; CP staff

Under agreement with the EPA, Rochester, N.Y., builder Atlantic Funding & Real Estate will pay a $50,000 penalty for stormwater control rule violations at its Gateway Landing development, and invest nearly $70,000 in a bioswale to filter silt and pollution from the site’s contaminated runoff into the Erie Canal.

Read more: EPA tags builder for lax concrete washout, stormwater management

Economist links construction materials' upward pricing to harsh winter

Source: Associated Builders & Contractors, Washington, D.C.

Through April, concrete products and iron & steel prices were up 3.4 percent and 3.2 percent year over year, while overall construction materials prices rose 1.5 percent against the first four months of 2013, according to the U.S. Department of Labor’s mid-May Producer Price Index.

Read more: Economist links construction materials' upward pricing to harsh winter