U.S. Concrete Makes Acquisition

U.S. Concrete Inc., Houston, has announced that it has signed a stock purchase agreement to acquire the outstanding capital stock of Alberta Investments Inc. and its affiliate Alliance Haulers Inc.

The company has started a private placement of $75 million of its senior subordinated notes due 2014 and net proceeds will fund a portion of the $165 million purchase price, according to a press release from U.S. Concrete.

The deal is expected to be complete in July.

U.S. Concrete provides ready-mixed concrete and related concrete products and services to the construction industry. The company has 106 fixed and seven portable ready-mixed concrete plants, 10 pre-cast concrete plants, three concrete block plants and three aggregates quarries. During 2005, these facilities produced approximately 6.6 million cubic yards of ready-mixed concrete, 5.3 million eight-inch equivalent block units and 1.9 million tons of aggregates.