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.
“This acquisition demonstrates our commitment to investing in growth segments throughout our business and is key to the future of our very active market recovery operations,” say U.S. Concrete CEO William Sandbrook. “Integrating ready-mixed concrete producers means finding successful businesses to serve the right markets for growth. Our ability to create cost-saving, streamlined operations will enhance our customer experience and ensure Kings’ continued success.”
The On Time transaction closed two weeks after a bolt-on deal involving Cherokee Bridge and Road Inc., a Junction, Texas, ready mixed producer serving Kimble and Menard counties. The three-plant business joins U.S. Concrete’s Ingram Concrete LLC subsidiary in west Texas.