Feb 26 2015
U.S. Concrete, Inc. announced today that it has completed the acquisition of all of the issued and outstanding equity interests of Right Away Redy Mix, Inc. (Right Away), in Oakland, California. Right Away is the largest independent producer of ready-mixed concrete in San Francisco's East Bay market.
Right Away operates four ready-mixed concrete facilities with its fleet of 49 mixer trucks. In addition, Right Away owns and operates a fleet of transfer trucks to transport cement and aggregates throughout the East Bay.
"The strong economic growth and construction activity in this diverse market will continue into the foreseeable future and Right Away is well positioned to take advantage of all of these dynamic opportunities," said U.S. Concrete President and CEO William J. Sandbrook. "The ability to expand U.S. Concrete's operations, in multiple areas of the country with above average growth characteristics, is one of the strengths of our strategic approach to value creation. I am excited to welcome Right Away to the U.S. Concrete family."
About U.S. Concrete
U.S. Concrete serves the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and aggregate products. The Company has 126 standard ready-mixed concrete plants, 16 volumetric ready-mixed concrete facilities, and 10 producing aggregates facilities. During 2013, U.S. Concrete produced approximately 5.2 million cubic yards of ready-mixed concrete and approximately 3.6 million tons of aggregates. For more information on U.S. Concrete, visit www.us-concrete.com.
Source: http://us-concrete.com/