U.S. Concrete Makes Acquisition

U.S. Concrete Inc., Houston, has announced that it has acquired the operating assets of Go-Crete and South Loop Development Corp., which produce and deliver ready-mixed concrete from six plants and mine sand and gravel from a quarry in the greater Dallas/Ft. Worth, Texas, market.

These companies produced approximately 800,000 cubic yards of ready-mixed concrete and 700,000 tons of aggregates, generating approximately $50 million in revenue during the 12 months ending in September 2005, according to a press release from U.S. Concrete.

The aggregate quarry, which sits on 2,100 acres, is estimated to have 10 million tons of remaining aggregate reserves.

U.S. Concrete purchased the assets for $27.3 million.

U.S. Concrete provides ready-mixed concrete and related concrete products and services to the construction industry in several markets in the United States.