US Concrete has acquired an operational cementitious terminal, bulk storage facility and approximately eight and a half acres of land with access to the Port of Stockton, California.
US Concrete deal includes eight and a half acres of land with access to the Port of Stockton (© Terrance Emerson | Dreamstime.com)
US Concrete CEO Ronnie Pruitt says: "I am pleased to announce this strategic acquisition which provides better control of our supply chain and cementitious supply in the Bay Area.
“We expect that this acquisition will benefit our West Region in the short-term and provide long-term shareholder value,” Pruitt continues.
“With the supply of our Orca aggregates through our existing Polaris terminal operations and now the addition of cementitious materials with this acquisition, we are building sourcing options into this market which will improve margins over the long-term while successfully fulfilling our strategic growth initiatives."
