The Horses Are Out of the Barn

Well, the barn door has been kicked open, and the horses are out. After more than a year of COVID-19-driven inactivity, a lot is starting to happen.  For openers, two major mergers rocked the aggregates industry, changing the landscape regionally and nationally. Vulcan Materials Co. and U.S. Concrete Inc. entered into a definitive merger agreement; and Martin Marietta Materials Inc.…

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U.S. Concrete Aggregates Product Revenue an All-Time High

U.S. Concrete Inc. announced results for the quarter ended March 31, noting consolidated revenue was $285.7 million, a decrease of $48.7 million, or 14.6%, compared to the prior year first quarter, primarily as a result of lower ready-mixed concrete volumes. Aggressive cost-containment measures, operating efficiencies and growth from the aggregate products segment helped to mitigate the impact on operating income from lower revenue.

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U.S. Concrete Acquires California Port Assets

U.S. Concrete Inc. has acquired an operational cementitious terminal, bulk storage facility, and approximately eight and a half acres of land with access to the Port of Stockton, Calif. The previous owner was George Weinberger Properties and Boral Limited is the current leasee of the facility, according to information provided by the Port of Stockton.

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