Sources: U.S. Concrete Inc., Euless, Texas; Vulcan Materials Co., Birmingham, Ala.; CP staff
U.S. Concrete has secured a premium aggregates source to integrate with its 12-plant Central Concrete Supply Co. ready mixed business in northern California. The producer bested a Vulcan Materials offer for Vancouver, B.C.-based Polaris Materials Corp., which distributes sand & gravel from a major Vancouver Island deposit through five San Francisco Bay Area and Los Angeles market sites.
Read MoreSources: U.S. Concrete Inc., Euless, Texas; CP staff
U.S. Concrete has strengthened sand production and distribution capacity supporting its New York City ready mixed concrete operations by acquiring the assets of Quinton, N.J.-based Corbett Aggregates Cos.
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Texas-based U.S. Concrete, Inc. continues a New York City market roll up, closing last month on asset transactions involving Jenna Concrete Corp., Bronx, and Kings Ready Mix, Brooklyn. With two plants and 52-mixer fleet, Jenna Concrete has established a presence over 25 years, supplying ready mixed to commercial and residential building projects in its Bronx home base and the neighboring borough of Manhattan. Kings Ready Mix runs 60-plus mixers from four plants, and maintains a leading stake in non-union, low- and mid-rise building jobs across Brooklyn, Queens and Manhattan.
Read MoreSources: U.S. Concrete Inc., Euless, Texas; CP staff
U.S. Concrete continues a Big Apple market roll up, most recently closing on the assets of Brooklyn’s Kings Ready Mix—its fifth concrete production and delivery deal in New York City since March 2015. With four plants and a 60-plus mixer fleet, Kings Ready Mix serves a range of project types, but maintains a leading stake in non-union, low- and mid-rise building jobs across Brooklyn, Queens and Manhattan.
Read MoreSources: U.S. Concrete, Inc., Euless, Texas; CP staff
U.S. Concrete has acquired the two plants and 52-mixer fleet of Jenna Concrete Corp. The producer has established a New York City presence over 25 years, supplying ready mixed to commercial and residential building projects in its Bronx home base and the neighboring borough of Manhattan. The Jenna assets join a Big Apple portfolio U.S. Concrete has significantly strengthened in the past 18 months through Ferrara Bros. Building Materials, Greco Brothers and Nycon Supply deals.
Read MoreSources: U.S. Concrete Inc., Euless, Texas; CP staff
U.S. Concrete has upped an already strong stake in New York City ready mixed production, acquiring the assets of Nycon Supply Corp., based in the Long Island City neighborhood of Queens. Through two batch plants and a 38-mixer fleet, it serves primarily commercial building projects in western Queens and midtown Manhattan. The business will maintain the Nycon Supply trade name and join sister operations Ferrara Bros. and Eastern Concrete Materials, which cover the metro New York and New Jersey markets, respectively.
Read MoreSources: Concrete Industry Management /National Steering Committee, Silver Spring, Md.; CP staff
The CIM National Steering Committee (NSC) has elected officers to terms beginning July 1: Chairman Wally Johnson, vice president of Marketing & Sales for U.S. Concrete Inc.; Vice Chairman Alan Nedza, director of Sales, BASF Admixture Systems North America; Secretary/Treasurer Nicole Maher, National Ready Mixed Concrete Association chief operating officer; and, Immediate Past Chairman Michael Schneider, vice president of Operations, Baker Concrete Construction.
Read MoreSources: 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.
Read MoreSources: S&P Dow Jones Indices LLC, New York; U.S. Concrete Inc., Euless, Texas; CP staff
The financial services entity behind the S&P 500 and Dow Jones Industrial Average indices has added ready mixed and aggregate producer U.S. Concrete to the S&P SmallCap 600, which tracks liquid, financially viable U.S. equities with market capitalization of $60 million to $4.5 billion.
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U.S. Concrete Inc. has closed on the U.S. Virgin Islands’ principal ready mixed and aggregate source, Heavy Materials, LLC, plus the assets of peer operator Spartan Concrete Products, LLC. Their combined operations create a stronger vertically integrated platform to serve an extensive base of customers throughout the Virgin Islands and neighboring Caribbean islands.