U.S. Concrete acquired an operational cementitious terminal, bulk storage facility and about 8.5 acres of land with access to the Port of Stockton in California.
U.S. Concrete expects the acquisition to provide the company with better control of its supply chain and cementitious supply in the Bay Area.
“We expect that this acquisition will benefit our West Region in the short-term and provide long-term shareholder value,” says Ronnie Pruitt, U.S. Concrete president and CEO. “With the supply of our Orca aggregates through our existing Polaris terminal operations and now the addition of cementitious materials with this acquisition, we are building sourcing options into this market, which will improve margins over the long term while successfully fulfilling our strategic growth initiatives.”
U.S. Concrete, which supplies aggregate and ready-mixed concrete for infrastructure, residential and commercial projects, is present in U.S. markets such as Dallas/Fort Worth, San Francisco, New York, Philadelphia and Washington, D.C.
