U.S. Concrete Inc. has announced that its wholly owned subsidiary, Ingram Concrete LLC 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 (collectively “CRC”) for $2.4 million in cash, and the assumption of approximately $1.9 million 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.
For more information on this transaction, please see the Company’s Current Report on Form 8-K filed September 14, 2012, visit www.us-concrete.com/sec.asp
