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US Concrete Acquires On Time Ready Mix to Boost Market Recovery
Friday 12 January 2018

12 January 2018 - Texas, US-based concrete and aggregates supplier US Concrete, Inc. (NASDAQ: USCR) has acquired the assets of New York, US-based concrete producer On Time Ready Mix Inc. to expand and strengthen US Concrete's market recovery platform currently served by USC-Kings, LLC, the company said.
Terms of the bolt-on acquisition were not disclosed.
The acquisition allows US Concrete to compete more effectively for non-union projects.
US Concrete said this acquisition demonstrates the company's commitment to investing in growth segments throughout the company's business.
US Concrete, Inc. serves the construction industry in several major markets in the US through its two business segments, ready-mixed concrete and aggregate products.
The company has 168 standard ready-mixed concrete plants, 17 volumetric ready-mixed concrete facilities, and 18 producing aggregates facilities.
During 2016, US Concrete sold approximately 8.1 m cubic yards of ready-mixed concrete and approximately 5.6 m tons of aggregates.
On Time serves the mid- to high-rise commercial and residential segments.
Date Published: 12/01/2018
Target: On Time Ready Mix Inc
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Status: Closed
Buyer: US Concrete, Inc
Terms of the deal were not disclosed