|U.S. Concrete Acquires Two Bay Area Companies Harbor Ready Mix and A-1 Materials join U.S. family of companies. U.S. Concrete, Inc. (NASDAQ: USCR), Euless, Tx. announced Monday that its wholly owned subsidiary, NorCal Materials, Inc., has acquired the assets of two independently owned and operated ready-mixed concrete operations, Harbor Ready-Mix and A-1 Materials, Inc. |
The acquisitions include two ready-mixed concrete batch plants and 23 mixer trucks. The acquisitions also include the assets of L.C. Frey Co., Inc., a landscape materials business related to A-1's operations.
Hand-out (PRNewsfoto/U.S. Concrete, Inc.)
Both ready-mixed concrete operations serve the commercial and residential sectors in the Peninsula and South Bay areas of San Francisco. These favorably located plants give U.S. Concrete increased capacity to serve an expanded customer base in the Northern California market.
"These acquisitions are indicative of our team's ability to find and integrate high-quality businesses in attractive markets," said U.S. Concrete President, CEO and Vice Chairman, William J. Sandbrook. "Expanding our market presence and diversifying our customer base in this vibrant and growing market is very exciting. Pent up demand from recent weather delays and a significantly under-supplied residential housing market will allow us to gain immediate traction for long-term success. I am pleased to welcome Harbor and A-1 to the U.S. Concrete family of companies."