U.S. Concrete, Inc. is an American company specializing in concrete and heavy

construction aggregate Construction aggregate, or simply aggregate, is a broad category of coarse- to medium-grained particulate material used in construction, including sand, gravel, crushed stone, slag, recycled concrete and geosynthetic aggregates. Aggregates ...

s. It was founded in 1999 and is headquartered in

Euless Euless ( ) is a city in Tarrant County, Texas, United States, and a suburb of Dallas and Fort Worth. Euless is part of the Mid-Cities region between Dallas and Fort Worth. In 2020 Census, the population of Euless was 61,032. The population of t ...

Texas Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...

. The company’s main products are

ready-mix concrete Ready-mix concrete (RMC) is concrete that is manufactured in a batch plant, according to each specific job requirement, then delivered to the job site "ready to use". There are two types with the first being the barrel truck or in–transi ...

and aggregates. The company serves customers widely distributed in

California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...

New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

Oklahoma Oklahoma (; Choctaw language, Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a U.S. state, state in the South Central United States, South Central region of the United States, bordered by Texas on the south and west, Kansas on the nor ...

Philadelphia Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Sinc ...

, U.S. Virgin Islands and

Washington D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, Na ...

History

From 1999-2001, U.S. Concrete acquired 21 companies and received $35 million in an

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

. From 2002-2003, the company engaged in the aggregates industry and completed 1 tuck-in acquisition. From 2004 onward, it has been engaged in more

cross-selling Cross-selling is a sales technique involving the selling of an additional product or service to an existing customer. In practice, businesses define cross-selling in many different ways. Elements that might influence the definition might includ ...

opportunities. The company filed for Chapter 11 bankruptcy protection on April 29, 2010. It emerged from bankruptcy on August 31, 2010 after reducing its debt by $272 million. On October 30, 2012, Central Concrete Supply Co., Inc., a wholly owned subsidiary of U.S. Concrete, completed the acquisition of Bode Gravel Co. and Bode Concrete LLC. On Dec 17, 2012, a wholly-owned subsidiary of U.S. Concrete, Smith Precast, Inc., sold substantially all of its assets for $4.27 million in cash and the assumption of certain obligations by Jensen Enterprises, Inc. In 2015, U.S. Concrete completed a significant ready-mixed concrete acquisition of Ferrara Bros. Building Materials, in Queens, New York. This acquisition significantly expanded the Company's footprint in New York City and allowed them to serve all five boroughs. In subsequent acquisitions in 2016, USCR completed a series of acquisitions of Jenna Concrete, NYCON Supply Co. and Kings Ready Mix as part of a strategy to strengthen and expand its New York City operations. These acquisitions expanded their ready-mixed concrete operations, adding New York as a major contributor to success. In 2017, the company completed its largest acquisition to date with the purchase of Polaris Materials, a construction aggregate producer in British Columbia, Canada. Beyond its own traditional regions, they also serve aggregates-only markets in Southern California and Hawaii. Also in 2017, USCR acquired Corbett Aggregate Companies, LLC located in Quinton, New Jersey. In 2020, U.S. Concrete expanded its aggregates portfolio with the acquisition of Coram Materials, a construction aggregate producer on Long Island, New York. In June 2021,

Vulcan Materials Vulcan Materials Company () is an American company based in Birmingham, Alabama. It is principally engaged in the production, distribution and sale of construction materials. Vulcan is the largest producer of construction materials, primarily gra ...

(VMC) announced they would be acquiring U.S. Concrete (USCR) for $74 per share, a 30% premium on the date of the announcement. The deal is valued at $1.3 billion. The acquisition will allow for the integrated expansion of Vulcan and make the subsidiary debt-free with adequate working capital. The deal has been approved by both boards and will close in the second half of 2021.

Products & services

U.S. Concrete, Inc. provides ready-mixed concrete, the company also provides crushed stone, sand, and gravel. U.S. Concrete has 176 standard ready-mixed concrete plants, 15 volumetric ready-mixed concrete facilities, and 22 producing aggregates facilities (2019). The company also involves building materials stores, hauling operations and broker product sales.

Operations

Research & Development

2009, U.S. Concrete's National Research Laboratory was set up to develop supplementary cementitious materials (SCMs) for enhanced concrete. The company also maintains academic-industrial partnership with research teams at the

University of California The University of California (UC) is a public land-grant research university system in the U.S. state of California. The system is composed of the campuses at Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, ...

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

(

UCLA The University of California, Los Angeles (UCLA) is a public land-grant research university in Los Angeles, California. UCLA's academic roots were established in 1881 as a teachers college then known as the southern branch of the California St ...

) and

Arizona State University Arizona State University (Arizona State or ASU) is a public research university in the Phoenix metropolitan area. Founded in 1885 by the 13th Arizona Territorial Legislature, ASU is one of the largest public universities by enrollment in the ...

(ASU). U.S. Concrete uses lime slurry and ARIDUS® rapid-drying concrete (addressing moisture-related floor covering failures) self-desiccating concrete technology. However, in December 2012, the company's subsidiary sold Arizona Precast Operations.

References

{{reflist Construction and civil engineering companies of the United States Manufacturing companies based in Texas American companies established in 1948 Construction and civil engineering companies established in 1948 Manufacturing companies established in 1948 1948 establishments in Texas Companies formerly listed on the Nasdaq 2021 mergers and acquisitions