U.S. Concrete Inc. acquired the assets of Golden Spread Redi-Mix, Inc. located in Amarillo, Texas. The acquisition includes 10 fixed ready-mixed concrete plants and a portable ready-mixed concrete division, consisting of five plants. The acquisition also includes an aggregates operation with extensive reserve life that is in close proximity to the Amarillo market.
In addition, Golden Spread operates an aggregates and cementitious products trucking fleet that supports its ready-mixed concrete and aggregates operations.
“This acquisition supports two of the company’s strategic initiatives with the entrance into a new Texas market with expansion capability and increased vertical integration within our operating footprint,” said U.S. Concrete President, CEO and Vice Chairman, William J. Sandbrook. “The Texas Panhandle is a growing and vibrant area with a diverse corporate landscape which will strengthen our West Texas operations. The ability to self-supply aggregates for such a large operation will ensure long-term value for our shareholders. I am excited to welcome the Golden Spread employees to our U.S. Concrete family.”
U.S. Concrete has 177 standard ready-mixed concrete plants, 17 volumetric ready-mixed concrete facilities and 19 producing aggregates facilities. During 2017, U.S. Concrete sold approximately 9.0 million cu. yd. of ready-mixed concrete and approximately 6.2 million tons of aggregates.