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.
“This acquisition supports two of the company’s strategic initiatives with the entrance into a new Texas market with expansion capability, and increased vertical integration within our operating footprint,” says U.S. Concrete CEO William Sandbrook. “The Texas Panhandle is a growing and vibrant area with a diverse corporate landscape which will strengthen our west Texas operations. The ability to self-supply aggregates for such a large operation will ensure long-term value for our shareholders.”