U.S. Concrete Inc.’s wholly owned subsidiary, Polaris Materials, obtained the necessary permits to increase the amount of aggregates it imports at its terminal located in Long Beach, Calif.
As a result of the new permit, Polaris is now able to deliver up to 2 million tpy of highly specified aggregates, effectively doubling its throughput capacity in supply-constrained Southern California.
“We are very pleased to be able to expand the aggregates throughput at our Long Beach terminal, especially at a point in time where the demand for these materials in Southern California is at an all-time high,” said William J. Sandbrook, chairman, president and CEO of U.S. Concrete. “Our intention was for the Polaris acquisition to grow its aggregates volumes to provide our shareholders with both immediate and long-term value. The permit helps with these objectives, while also positioning our company to benefit from the anticipated tailwinds for the market, including the 2028 Olympics in Los Angeles.”
U.S. Concrete acquired the Long Beach Terminal as part of its acquisition of Polaris in November 2017, which marked its entry into the Southern California market. By increasing its aggregates permitted volume, the company can expand its project capacity and scope, and improve its ability to serve the market.