U.S. Concrete, Inc.(Nasdaq:USCR) announced today that its wholly owned subsidiary, Redi-Mix, LLC, has acquired the assets of Scofield Construction Services, LLC and Mobile-Crete of South Texas, LLC, collectively doing business as Mobile-Crete. The acquisition includes five volumetric ready-mixed concrete facilities and 47 volumetric ready-mixed concrete trucks servicing the Austin, San Antonio, and South Texas markets.
This acquisition allows Redi-Mix to leverage and diversify the volumetric product line of its recently acquired Custom-Crete division and enhances our competitive footprint in Austin and San Antonio.
"Continuing to strengthen and grow this specialty product line of our core ready-mixed concrete offering in the vibrant and diversified Austin and San Antonio markets is another step forward in accomplishing our strategic growth objectives to continue to advance long-term shareholder value," said President and Chief Executive Officer, William J. Sandbrook. "We welcome Mobile-Crete to the U.S. Concrete family."
About U.S. Concrete
U.S. Concrete serves the construction industry in several major markets in the United States through two business segments: ready-mixed concrete and aggregate products. The Company has 119 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.