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News Breaks | | | | September 14, 2012 | | 17:46 EDT |  | USCR | U.S. Concrete adds to its Texas operations
U.S. Concrete (USCR) announced that its wholly owned subsidiary, Ingram Concrete, completed the acquisition of certain assets of the ready-mixed operations of Colorado River Concrete, L.P., Cindy & Robin Concrete, L.P. and E&R Artecona Family Limited Partnership for $2.4M in cash, and the assumption of approximately $1.9M in interest-bearing debt. The company used cash on hand to fund the purchase price. The acquisition includes four ready-mixed concrete plants located in Stephenville, Aledo, Glen Rose and Granbury, Texas. This acquisition will add to the company's existing Ingram operations in west Texas as well as to its Redi-Mix operations in the Dallas-Fort Worth area. | |
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