Euless-based U.S. Concrete Inc. (NASDAQ: USCR), announced March 5 it has acquired the assets of Golden Spread Redi-Mix Inc. of Amarillo.
The acquisition includes ten fixed ready-mixed concrete plants and a portable ready-mixed concrete division, consisting of five plants. The acquisition also includes an aggregates producing facility with extensive reserve life that is in close proximity to the Amarillo market. In addition, Golden Spread operates an aggregates and cementitious products trucking fleet that supports its ready-mixed concrete and aggregates operations.
“This acquisition supports two of the Company’s strategic initiatives with the entrance into a new Texas market with expansion capability and increased vertical integration within our operating footprint,” said U.S. Concrete President, CEO and Vice Chairman, William J. Sandbrook. “The Texas Panhandle is a growing and vibrant area with a diverse corporate landscape which will strengthen our West Texas operations. The ability to self-supply aggregates for such a large operation will ensure long-term value for our shareholders. I am excited to welcome the Golden Spread employees to our U.S. Concrete family.”
