Vulcan Materials consummates U.S. Concrete deal

Sources: Vulcan Materials Co., Birmingham, Ala.; CP staff

U.S. Concrete went public in 1999, trading first under the RMIX symbol, then USCR. Shares have ceased Nasdaq Global Select Market trading; Vulcan stock, or VMC, continues to hover record highs.

Texas-based U.S. Concrete Inc. has become a wholly-owned Vulcan Materials subsidiary with the completion of a stock buyout offer announced in June. The transaction, notes Vulcan Materials Chairman Tom Hill, “Is an important milestone as we welcome U.S. Concrete and its talented team while also taking the next step in our growth and value creation strategy. With our complementary footprints and shared commitment to innovation and operational excellence, Vulcan will have enhanced scale within our aggregates business and additional geographic reach in attractive growing metropolitan areas. After working closely with the U.S. Concrete team over the past few months, we are more confident than ever in the cultural alignment across our organizations and the opportunities ahead.

Related article

Vulcan-U.S. Concrete, concurrent deals speak to underlying industry strengths

Related posts