US Concrete’s wholly owned subsidiary, Ingram Concrete, has acquired the ready-mix assets of T&S Venture based in Sweetwater, Texas.
The move is said to be the latest example of US Concrete’s acquisition strategy of finding strong businesses that are well located in areas of above-average growth. It is also said by the firm to demonstrate its commitment to the robust Texas construction market. “We continue to look forward to great things from the West Texas market and this acquisition takes us one step closer to capitalising on the dynamic construction activities in this region," said US Concrete president and CEO William J. Sandbrook.
US Concrete services the construction industry in several major markets in the United States through its ready-mixed concrete and aggregate products business segments. The company has 106 fixed and 10 portable ready-mixed concrete plants and eight producing aggregates facilities. Last year, US Concrete produced approximately 3.97million m³ of ready-mixed concrete and approximately 3.265million tonnes of aggregates.
