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Martin Marietta Materials, Inc.

US

Martin Marietta Materials, Inc. (NYSE: MLM) was formed in November 1993 as a North Carolina corporation to hold the aggregates/construction-materials and magnesia-based-products businesses of Martin Marietta Corporation, IPO'd Feb 1994. Following the 1995 Lockheed-Martin Marietta merger, Lockheed Martin distributed its ~81% stake in Martin Marietta Materials to its own shareholders on July 26, 1996, making Martin Marietta Materials a fully independent public company unrelated to Lockheed Martin's aerospace/defense business, despite the shared name.

commercialFounded 1993
History · 1 eventJul 26, 1996 · Lockheed Martin spins off Martin Marietta Materials
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Organization history

Identity changes, mergers, acquisitions, splits, and transferred business lines.

1 event

  1. Jul 26, 1996Spinout

    Lockheed Martin spins off Martin Marietta Materials

    Source
    Predecessor
    Lockheed Martin
    Created organization
    Martin Marietta Materials, Inc.
    Event context

    Martin Marietta Materials, Inc. (holding the aggregates/construction-materials business of the pre-merger Martin Marietta Corporation) had already been separately incorporated in Nov 1993 and IPO'd in Feb 1994 (NYSE: MLM), with Martin Marietta/Lockheed Martin retaining an ~81% stake. On July 26, 1996, Lockheed Martin filed to distribute its full ~81% stake in Martin Marietta Materials' common stock to Lockheed Martin shareholders, completing the separation into a fully independent public company.

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