U.S. Concrete acquired Heavy Materials LLC and the assets of Spartan Concrete Products LLC, two integrated construction material operations in the U.S. Virgin Islands.
Heavy Materials is a producer of ready-mixed concrete and aggregates. The operation has four ready-mixed concrete batch plants, a fleet of 32 mixer trucks and two quarries with total aggregates reserves of about 40 million tons. Heavy Materials also leases an industrial waterfront property that it uses as a marine terminal and sales yard.
According to U.S. Concrete, the combined operations create a vertically integrated platform to serve an extensive base of customers throughout the U.S. Virgin Islands and other Caribbean islands.
“These acquisitions are highly aligned with our strategic goal to establish leadership positions in resilient, attractive markets and further enhance our mix of vertically integrated operations,” says William Sandbrook, president and CEO of U.S. Concrete. “We plan to create a more efficient operating dynamic in the U.S. Virgin Islands and the Caribbean by combining the efforts of these two separately owned businesses into one cohesive unit.”
