Transit Mix Unloads Four Rio Grande Valley Plants

Transit Mix Concrete & Materials Co., the construction materials subsidiary of Dallas-based Trinity Industries, reported late last month the sale of four

CP STAFF

Transit Mix Concrete & Materials Co., the construction materials subsidiary of Dallas-based Trinity Industries, reported late last month the sale of four southern Texas ready mixed sites to an undisclosed buyer. Terms of the cash transaction were not disclosed, although the assets accounted for about $17 million in 2006 sales.

The sale represents Trinity’s exit from the Rio Grande Valley concrete market, said Trinity Senior Vice President Mark Stiles, who also heads the Trinity Construction, Energy, Marine, and Components Group. This transaction reflects a realignment of our focus to markets that are better suited to our business model.