U.S. Concrete acquired the Wantage Stone reserves, a site development quarry in Hamburg, N.J. The quarry includes an 80-acre land parcel, as well as mining rights to an additional 77 acres of land.
“The acquisition of these aggregate assets is directly aligned with our strategic objectives to expand our construction material operations and strengthen our vertically integrated capabilities,” says U.S. Concrete President and CEO William Sandbrook.
The Wantage reserves will continue to enhance its ability to service the Northern New Jersey and New York metropolitan markets with a combined 19 million tons of permitted reserves and a further 19 million tons of unpermitted, yet additional reserves.
“Furthermore, this quarry provides an extremely rare opportunity, due to permitting restrictions, of opening a new quarry in Northern New Jersey,” Sandbrook adds. “Our balance-sheet strength and extensive operational experience in aggregate operations allowed us to complete this very attractive addition to our aggregate reserve position.”
U.S. Concrete serves the construction industry in several major markets in the U.S. through its two business segments: ready-mixed concrete and aggregate products. The company has 139 standard ready-mixed concrete plants, 16 volumetric ready-mixed concrete facilities and 12 aggregate-producing facilities.
