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. Traditionally, it includes natural materials such as sand, gravel, crushed stone. As with other types of ag ...

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 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 the city inc ...

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

, United States. 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–trans ...

and aggregates. The company serves customers widely distributed in

California California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...

New Jersey New Jersey is a U.S. state, state located in both the Mid-Atlantic States, Mid-Atlantic and Northeastern United States, Northeastern regions of the United States. Located at the geographic hub of the urban area, heavily urbanized Northeas ...

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

Oklahoma Oklahoma ( ; Choctaw language, Choctaw: , ) is a landlocked U.S. state, state in the South Central United States, South Central region of the United States. It borders Texas to the south and west, Kansas to the north, Missouri to the northea ...

Philadelphia Philadelphia ( ), colloquially referred to as Philly, is the List of municipalities in Pennsylvania, most populous city in the U.S. state of Pennsylvania and the List of United States cities by population, sixth-most populous city in the Unit ...

U.S. Virgin Islands The United States Virgin Islands, officially the Virgin Islands of the United States, are a group of Caribbean islands and a territory of the United States. The islands are geographically part of the Virgin Islands archipelago and are located ...

and

Washington D.C. Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and federal district of the United States. The city is on the Potomac River, across from Virginia, and shares land borders with ...

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 and 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 and 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 university, public Land-grant university, land-grant research university, research university system in the U.S. state of California. Headquartered in Oakland, California, Oakland, the system is co ...

Los Angeles Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...

(

UCLA The University of California, Los Angeles (UCLA) is a public land-grant research university in Los Angeles, California, United States. Its academic roots were established in 1881 as a normal school then known as the southern branch of the C ...

) and

Arizona State University Arizona State University (Arizona State or ASU) is a public university, public research university in Tempe, Arizona, United States. Founded in 1885 as Territorial Normal School by the 13th Arizona Territorial Legislature, the university is o ...

(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