Sources: U.S. Concrete Inc., Euless, Texas; CP staff
U.S. Concrete has acquired the assets of Greco Brothers Concrete of L.I., Inc., and will integrate the ready mixed producer’s two plants and 37-mixer fleet into its New York City business, Ferrara Bros. LLC. Greco Brothers has a respected market presence gained through a nearly 60-year track record of deliveries to commercial and residential building, plus public works projects in the boroughs of Brooklyn, Queens, Manhattan and Staten Island.
“This acquisition further demonstrates our commitment to be a leading producer of ready-mixed concrete in the New York metro area,” says U.S. Concrete CEO William Sandbrook. “We believe the New York City market is poised for strong [concrete] demand with its perpetually growing population, economic development, and redevelopment activity. The combination of Greco with Ferrara Bros. will offer significant opportunities to service our expanded customer base, optimize service efficiencies and enhance raw material purchasing savings.”
Ferrara Bros. deal secures U.S. Concrete an unrivaled stake in the Big Apple
Cementing market concentration from the Hudson to the Mississippi