Marquette Cement Manufacturing Company
| Company type | Public Subsidiary (1976–1982) |
|---|---|
| Template:NYSE was | |
| 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 |
The Marquette Cement Manufacturing Company operated as a United States-based producer of cement.
History
Established in 1898 in Chicago, Illinois, Marquette Cement named James E. Poole as its president and chief executive officer in 1972. Two years later, the firm transferred its main offices to Nashville, Tennessee. In 1976, it became part of Gulf and Western Industries, joining the conglomerate's Natural Resources Group. Gulf and Western divested Marquette Cement to Lone Star Industries in 1982. Subsequently, Lone Star was acquired by Dyckerhoff AG in 1999, which later merged into Buzzi Unicem.
Acquisitions
Marquette Cement grew its operations by acquiring several companies: Hawkeye Portland Cement Company in 1940; Cumberland Portland Cement Company and Hermitage Portland Cement Company in 1947; followed by Southern States Portland Cement Company and the Superior Cement division of New York Coal Company in 1953.
In 1961, the shareholders authorized a stock exchange to acquire North American Cement Corporation based in New York; that same year, Green Bag Cement Company was also purchased. By 1964, through its subsidiary Lawrence Concrete Corporation, Marquette acquired Cooney Bros., Inc., Plaza Concrete Corporation, and Mamaroneck Stone Corporation, although antitrust concerns led to the disposal of Cooney Bros. assets later on.