U.S. Concrete, Inc., a leading national supplier of ready-mixed concrete and aggregates, has announced the acquisition of Leon River Aggregate Materials, a sand and gravel producer based in Proctor, Texas.
The acquisition includes 400 acres of land and reserves, and a state-of-the-art processing plant.
U.S. Concrete has also announced that it has completed the divestiture of its Dallas/Fort Worth area lime operations to Lhoist North America, which includes two fixed plants, lime tankers and raw material tankers.
“We are excited to strengthen our aggregate operations in West Texas and to use the processing facility to produce high-quality materials that will be used in many of the market’s ongoing and planned construction projects,” says Bill Sandbrook, chairman, president and CEO of U.S. Concrete. “The lime divestiture gives us the ability to further our strategic focus of optimizing our portfolio of assets and allocating money directly to growing our aggregates business while concurrently improving our balance sheet by reducing debt.”