Sources: U.S. Concrete, Inc., Euless, Texas; CP staff
After closing on all of the equity interests in Flushing, N.Y.-based Ferrara Bros. Building Materials Corp., U.S. Concrete has reached a level of ready mixed production and delivery capability rare for a metro New York and New Jersey market operator.
“This positions U.S. Concrete to take advantage of the many project opportunities that we were previously unable to serve,” says CEO William Sandbrook. “The New York City construction market offers great growth potential and is very dynamic. Ferrara Bros. brings a seasoned and professional management team and a plant network that significantly enhances our service footprint in greater Manhattan.”
“Since our founding in 1969, and continuing through three generations of the Ferrara family, our company has consistently strived to enhance our position in the marketplace so as to better serve our customers, employees and other stakeholders,” adds Ferrara Bros. CEO Joseph A. Ferrara. “We are honored to become part of a national leader in our industry.”
The transaction brings six ready mixed plants at four New York and New Jersey sites, plus an 89-mixer fleet, along side U.S. Concrete’s operating company, Elmwood Park, N.J.-based Eastern Concrete Materials. Ferrara Bros. has distinguished itself as a leader in providing specialized, high-strength, high performance concrete for large, complex projects in the commercial, residential and infrastructure markets. Most notably on the Manhattan order log, it is among principal suppliers in the World Trade Center site redevelopment and was the chief source for 432 Park Ave., a 1,396-ft. reinforced concrete tower topped out in fall 2014.