PRODUCERS – APRIL 2020

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Texas-based U.S. Concrete, Inc. has closed on a $142 million deal for Coram Materials Corp., significantly expanding its East Coast aggregates portfolio. “Coram’s 50 million tons of reserves, located in the quickly depleting Long Island sand market, increases the vertical integration of our New York operations, strengthens our competitive position and advances the continuation of our strategy of expanding into higher margin aggregates businesses,” says (retiring) Chairman William Sandbrook. Following successful integration of Vancouver-based Polaris Materials, acquired in 2018, he adds, U.S. Concrete continues “to seek opportunities of coupling the pull through capabilities of our large regional ready-mixed concrete operations with attractive aggregate assets.”

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Vulcan Materials, U.S. Concrete directors bring UPS, logistics bandwidth

Sources: Vulcan Materials Co., Birmingham, Ala.; U.S. Concrete Inc., Euless, Texas; CP staff

United Parcel Service President, U.S. Operations George Willis has been elected to the 11-member Vulcan Materials board and will serve on the Audit and Safety, Health & Environmental Affairs committees. “George has demonstrated exceptional leadership in his over 35-year career with UPS. His extensive experience with operations and logistics in a complex global business environment will provide us with invaluable insight on matters critical to our business,” says Vulcan Chairman Tom Hill. 

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Pruitt to succeed U.S. Concrete CEO Sandbrook

Sources: U.S. Concrete Inc., Euless, Texas; CP staff

William J. Sandbrook has notified fellow U.S. Concrete directors of his intention to retire from his chief executive officer and chairman posts in April and May, respectively. He will stand for reelection as a director at the May annual meeting of stockholders and enter a one-year consulting agreement with the board. Succeeding him in the CEO capacity, effective April 3, will be Texas Industries and Martin Marietta Materials veteran Ronnie Pruitt, who joined U.S. Concrete in 2015 as senior vice president and chief operating officer and was named president in April 2019. 

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U.S. Concrete elevates Pruitt to second in command

Sources: U.S. Concrete Inc., Euless, Texas; CP staff

Ronnie Pruitt has been named president of ready mixed and aggregate producer U.S. Concrete, maintaining his chief operating officer title but taking over many corporate functions that support the company’s operational business units. He arrived in 2015 as COO and senior vice president after tours of duty in Martin Marietta Materials and Texas Industries management.

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U.S. Concrete enters new league of promotion, pacing Andretti Autosport

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Driver Marco Andretti’s No. 98 Honda bears the U.S. Concrete Inc. logo and colors as part of a 2018 Verizon IndyCar Series race sponsorship. Starting last month with the Toyota Grand Prix of Long Beach (Calif.) and Honda Indy Grand Prix of Alabama (Birmingham), the sponsorship continues through Indianapolis (Grand Prix and Indy 500), Texas, Pocono (Pa.) and Sonoma (Calif.) events.

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MMC Materials’ Grogan leads 2018 NRMCA officer slate

Sources: National Ready Mixed Concrete Association, Silver Spring, Md.; CP staff

The National Ready Mixed Concrete Association has elected Rodney Grogan, president of Ridgeland, Miss.-based MMC Materials Inc., as 2018 Chairman, succeeding his Oldcastle Materials West counterpart Scott Parson. Joining Grogan on the slate of officers elected during the NRMCA annual convention earlier this month in Houston are Vice Chairman William Sandbrook, chief executive officer of Texas’ U.S. Concrete Inc., and Secretary/Treasurer John Carew, president of Wisconsin’s Carew Concrete & Supply Co.

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U.S. Concrete gears up for Andretti Autosport sponsorship

Sources: Andretti Autosport, Indianapolis; U.S. Concrete Inc., Euless, Texas; CP staff

Driver Marco Andretti’s No. 98 Honda will bear the U.S. Concrete logo and colors as part of a sponsorship spanning six 2018 Verizon IndyCar Series races, starting April 15 with Toyota Grand Prix of Long Beach (Calif.) and continuing through Indianapolis (Grand Prix and Indy 500), Texas, Pocono and Sonoma.

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U.S. Concrete adds 11 Texas sites in Golden Spread RM deal

Sources: U.S. Concrete Inc., Euless, Texas; CP staff

U.S. Concrete has significantly expanded its west Texas footprint, acquiring the assets of Amarillo-based Golden Spread Redi-Mix Inc. The deal includes 10 fixed plants; a five-plant portable division; an aggregates operation with deep reserves and close proximity to Amarillo; and, a dump and bulk tanker fleet serving the concrete sites.

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On Time RM, Cherokee Bridge assets join U.S. Concrete’s N.Y., Texas platforms

Sources: U.S. Concrete Inc., Euless, Texas; CP staff

U.S. Concrete has acquired the assets of On Time Ready Mix Inc., which serves mid- to high-rise commercial and residential building segments in Queens, N.Y. The deal strengthens a market recovery platform currently served by USC-Kings, LLC, allowing the producer to more effectively compete for non-union projects.

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Polaris deal, Philadelphia market entry top of mind at U.S. Concrete

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Pending Polaris Materials Corp. shareholder votes this month, U.S. Concrete Inc. stands to secure a premium aggregates source to integrate with its 12-plant Central Concrete Supply Co. ready mixed business in northern California. The producer has bested a Vulcan Materials offer for Vancouver, B.C.-based Polaris, which distributes sand & gravel from a major Vancouver Island deposit through five San Francisco Bay Area and Los Angeles market sites.

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