U.S. Concrete acquires two West Texas ready-mixed concrete operations
Ingram Concrete, LLC acquires assets of City Concrete, Inc. and Pitts Ready Mix
By Matt Brown
U.S. Concrete, Inc. (Nasdaq:USCR) announced that its wholly owned subsidiary, Ingram Concrete, LLC, continued its growth in the West Texas market by acquiring the assets of City Concrete, Inc., in Wichita Falls, TX and Pitts Ready Mix of Burkburnett, Inc., in Burkburnett, TX. A total of three concrete plants and 24 ready-mixed concrete trucks were acquired.
Growth by acquisition has been a successful model for the West Texas business unit. "We are excited to further expand our footprint in West Texas with the acquisition of these ready-mixed concrete operations," said U.S. Concrete President and Chief Executive Officer William J. Sandbrook. "We will continue to seek opportunities to strengthen our presence within our regional markets, as well as to grow around those areas while leveraging our existing management and infrastructure."
About the Author
Matt Brown is the SVP and CFO U.S. Concrete, Inc.