U.S. Concrete, Inc. (Nasdaq:USCR) announced today that it has acquired the ready-mixed concrete assets and property of Diamond Concrete, Inc. on Staten Island, N.Y. This acquisition expands U.S. Concrete's footprint to the eastern side of Staten Island, allowing U.S. Concrete to more efficiently provide concrete to the increasing number of commercial and residential construction projects on Staten Island planned for the coming years. The acquisition includes one ready-mixed concrete facility and related real estate, along with 24 ready-mixed concrete trucks.
"We are committed to growing our footprint through bolt-on acquisitions to better deliver high quality concrete with the highest level of customer service. Adding this site displays our commitment to increasing our ability to better serve the greater New York City construction market," said U.S. Concrete President and Chief Executive Officer, William J. Sandbrook.
About U.S. Concrete
U.S. Concrete services the construction industry in several major
markets in the United States through its two business segments:
ready-mixed concrete and aggregate products. The Company has 120
standard ready-mixed concrete plants, 16 volumetric ready-mixed
concrete facilities, and 10 producing aggregates facilities. During
2013, U.S. Concrete produced approximately 5.2 million cubic yards of
ready-mixed concrete and approximately 3.6 million tons of aggregates.
For more information on U.S. Concrete, visit www.us-concrete.com.