TXI Operations LP, 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]
History
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.