U.S. Concrete acquires Young Ready-Mix
Acquisition expands U.S. Concrete’s market footprint in West Texas
By Matt Brown
U.S. Concrete, Inc. (Nasdaq:USCR) announced that its wholly owned subsidiary, Ingram Concrete, LLC, completed the acquisition of Young Ready-Mix, Inc., a single site ready-mix concrete producer in Brady, Texas. The acquisition expands U.S. Concrete's market footprint in West Texas.
Adding Young's assets to Ingram's current market presence is part of U.S. Concrete's bolt-on acquisition growth model. "We are very excited to bring Young Ready-Mix into the U.S. Concrete family," said U.S. Concrete President and Chief Executive Officer William J. Sandbrook. "We are committed to expanding our operations in the high growth markets of West Texas and look forward to servicing our new customers in this vibrant region."
About the Author
Matt Brown is the SVP and CFO U.S. Concrete, Inc.