U.S. Concrete, Inc. officially exited the noncore precast concrete business. On June 3 it announced completion of the sale of all remaining assets of the U.S. Concrete Precast Group – an architectural precast plant operating in Middleburg, Penn.
"This transaction marks the completion of our exit from the noncore precast concrete business," said U.S. Concrete President and CEO, William J. Sandbrook. "Since 2011, we have taken many successful steps to strategically position our business to capitalize on heavy construction material opportunities in our markets. This timely and accretive divestiture is another positive accomplishment for our Company and highly aligned with our strategic direction ..."