U.S. Concrete Inc. announced that it has acquired the assets of Greco Brothers Concrete of L.I. Inc., a ready-mixed concrete producer located in Brooklyn, N.Y. Greco currently operates two ready-mixed concrete plants and a fleet of 37 mixer trucks. The assets of Greco will be integrated into U.S. Concrete’s existing New York operation, Ferrara Bros. LLC.
Greco has an established and respected market presence in the New York metropolitan area with approximately 60 years of experience serving commercial and residential high-rise projects in Manhattan, Brooklyn, Staten Island and Queens, N.Y.
“This acquisition further demonstrates our commitment to be a leading producer of ready-mixed concrete in the New York metro area,” said U.S. Concrete President and CEO William J. Sandbrook. “We believe the New York City market is poised for strong demand growth in ready-mixed concrete with its perpetually growing population, economic development, and redevelopment activity. Additionally, the combination of Greco with Ferrara Bros. will offer significant opportunities to service our expanded customer base, optimize service efficiencies and enhance raw material purchasing savings. We are thrilled to welcome Greco to the U.S. Concrete family of companies.”
U.S. Concrete Inc. serves the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and aggregate products. The company has 146 standard ready-mixed concrete plants, 16 volumetric ready-mixed concrete facilities and 14 producing aggregates facilities. During 2014, U.S. Concrete sold approximately 5.7 million cu. yd. of ready-mixed concrete and approximately 4.7 million tons of aggregates.