U.S. Concrete Inc., Houston, has announced acquisition of nine ready-mixed concrete plants, including real property, rolling stock and working capital,
U.S. Concrete Inc., Houston, has announced acquisition of nine ready-mixed concrete plants, including real property, rolling stock and working capital, in its west Texas market. The plants produced approximately 245,000 yd. in 2007, and will be integrated with the company’s Brownwood-based franchise, Ingram Concrete. The acquired properties have some overlap with existing Ingram sites in Abilene and San Angelo, but also expand the company’s reach in the Midland/Odessa and Lubbock markets.
This marks continued emphasis on further strengthening our existing concrete operations and expanding in those markets where we are vertically integrated with aggregates. Our west Texas operations are performing very well and this acquisition will not only complement existing Ingram markets, but also expand our footprint, says U.S. Concrete President and CEO Michael Harlan.