US Concrete has acquired Leon River Aggregate Materials, a sand and gravel producer, as part of a strategy to strengthen its aggregates operations in West Texas.
Through the agreement, US Concrete will gain over 400 acres of land with reserves and processing facility to produce high-quality materials which will be used in ongoing and planned construction projects.
US Concrete says it has also completed the divestiture of its Dallas/Fort Worth area lime operations to Lhoist North America, which includes two fixed plants, lime tankers and raw materials tankers.
William J. Sandbrook, chairman, president and CEO of US Concrete, says: "The lime divestiture gives us the ability to further our strategic focus of optimsing our portfolio of assets and allocating money directly to growing our aggregates business while concurrently improving our balance sheet by reducing debt."
