Marquette Cement Manufacturing Company
The Marquette Cement Manufacturing Company was an American cement manufacturing company.
| Type | Public Subsidiary (1976–1982) |
|---|---|
| NYSE: MQC | |
| Industry | Building materials |
| Founded | 1898 |
| Defunct | 1982 |
| Fate | Acquired by Gulf and Western Industries (1976), sold to Lone Star Industries (1982) |
| Successor | Lone Star Industries |
| Headquarters | Chicago, Illinois (1898–1974) Nashville, Tennessee (1974–1982) |
Key people | James E. Poole (President and CEO) |
| Products | Cement |
| Parent | Gulf and Western Industries (1976–1982) |
| Subsidiaries | Lawrence Concrete Corporation |
History
Marquette Cement was founded in 1898 in Chicago, Illinois. In 1972, James E. Poole was named president and chief executive officer of the company by its directors.[1] Marquette Cement moved its headquarters to Nashville, Tennessee in 1974,[2] and two years later it was acquired by Gulf and Western Industries, becoming part of the Gulf and Western Natural Resources Group.[3] Gulf and Western later sold Marquette Cement to Lone Star Industries in 1982.[4] In 1999, Lone Star Industries was bought by Dyckerhoff AG,[5] which was later taken over by Buzzi Unicem.
Acquisitions
Throughout its history, Marquette Cement acquired many of its competitors.
In 1940, Marquette Cement purchased Hawkeye Portland Cement Company, and later in 1947 it purchased both the Cumberland Portland Cement Company and the Hermitage Portland Cement Company.
On December 22, 1953, Marquette Cement announced it would purchase Southern States Portland Cement Company and the Superior Cement division of the New York Coal Company.[6]
On January 11, 1961, Marquette Cement shareholders approved plans to acquire North American Cement Corporation of New York for an exchange of stock.[7] That same year, it acquired the Green Bag Cement Company.
In 1964, Marquette Cement acquired Cooney Bros., Inc., Plaza Concrete Corporation, and Mamaroneck Stone Corporation from the Cooney family through a subsidiary called Lawrence Concrete Corporation. However, it was later forced to divest the Cooney assets to Westchester Concrete, Inc. (Westcon) due to antitrust concerns.
References
- "Marquette Cement Elects". The New York Times. September 5, 1972.
- "BUSINESS PEOPLE; A Move to Retailing From Minerals". The New York Times. October 13, 1983.
- "Cement Is Fired Up With New Plants, New Technology". The New York Times. December 25, 1977.
- "COMPANY NEWS; Lone Star to Buy G.&W. Subsidiary". The New York Times. March 5, 1982.
- "COMPANY NEWS; DYCKERHOFF DEAL SENDS LONE STAR STOCK UP 42%". The New York Times. September 3, 1999.
- "2 CEMENT COMPANIES SOLD; Marquette Takes Over Superior and Southern States". The New York Times. December 22, 1953.
- "MARQUETTE CEMENT SLATES ACQUISITION". The New York Times. January 11, 1961.