U.S. Concrete has officially announced two new acquisitions that will expand its presence in three major Texas cities and in aggregate distribution and volumetric ready-mixed concrete offerings.
In Texas, Redi-Mix, LLC, wholly owned subsidiary of U.S. Concrete, has acquired the assets of Custom-Crete from Oldcastle Architectural, Inc., a wholly owned subsidiary of CRH plc. The move expands U.S. Concrete's presence in three major cities – Austin, Houston and San Antonio – and in volumetric ready-mixed concrete offerings. Both Houston and Austin were recently named as the No. 1 and No. 2 emerging real estate markets to watch in a report from PWC and the Urban Land Institute.
According to a press release from U.S. Concrete:
The acquisition includes 11 volumetric ready-mixed concrete facilities located primarily in Dallas/Fort Worth, Houston, San Antonio and Austin, as well as 61 volumetric ready-mixed concrete trucks.
"Serving the top four urban markets in Texas is an exciting step for U.S. Concrete," said President and Chief Executive Officer, William J. Sandbrook. "I am extremely pleased that we are entering new, high growth markets and adding additional products to better serve our customers. We welcome the Custom-Crete employees, with their strong safety culture and commitment to excellence, to the U.S. Concrete family."
In the New York metropolitan area, Eastern Concrete Materials, Inc., a wholly owned subsidiary of U.S. Concrete, has acquired New York Sand and Stone, LLC from Amboy Aggregates, a joint venture between Great Lakes Dredge and Dock Company, LLC, a wholly owned subsidiary of Great Lakes Dredge and Dock Corporation and Ralph Clayton and Sons Materials, L.P.