| TXI | |
| Type: | Subsidiary |
| Parent: | Martin Marietta Materials, Inc |
| Industry: | Cement |
| Products: | Cement, aggregate, concrete |
| Foundation: | 1946 |
| Location City: | Dallas, Texas |
| Location Country: | United States |
| Key People: | Melvin G. Brekhus (President and CEO, Director) |
TXI, formerly Texas Industries, is a wholly owned subsidiary. The company was focused on the production of heavy construction materials in the southwestern United States market (e.g. Texas and California).
TXI mainly focuses on cement, Portland, masonry and oil well cements, aggregates, and other concrete related products. Until 2012, Texas Industries owned 82 manufacturing facilities in six states.[1]
TXI was founded in 1946. In 1994, with an annual revenue of $614M, the company ranked 500th on the Fortune 500 list by annual revenue.[2] [3]
In January 2014, Martin Marietta Materials (MLM), a rival provider of construction materials, agreed to buy TXI for $2.06 billion in stock. The combined company will operate under the name Martin Marietta with 7,000 employees and headquarters in Raleigh, N.C., Martin Marietta’s current home.[4]
As of July 2, 2014, TXI became a wholly owned subsidiary of Martin Marietta Materials, Inc.[5] TXI is now headquartered in Dallas, Texas.
Its Midlothian plant on the south side of Midlothian, Texas (32.4619°N -97.0225°W) is about 27miles south of downtown Dallas. When the plant was built it was the largest cement plant in the country.