Wednesday, 08 Apr 2020

U.S. Concrete Expands East Coast Footprint Into Philadelphia With Acquisition Of Action Supply

EULESS, Texas: U.S. Concrete, Inc. (NASDAQ: USCR) ("U.S. Concrete" or the "Company") announced today it has acquired the assets of Action Supply Co., Inc. ("Action"), which supplies the Philadelphia metropolitan market with high-quality, high-strength ready-mixed concrete to commercial and infrastructure construction projects. Action's proximity to U.S. Concrete's recently acquired aggregates production facility, Corbett Aggregates Companies, LLC, offers immediate synergies from the vertical integration of fine aggregates.

For 58 years, Action has been known for its service and innovation in the delivery of concrete. Action is Pennsylvania Department of Transportation approved and has the capabilities to meet stringent specifications. Action's well-known projects in Philadelphia include Lincoln Financial Field, Citizens Bank Park, FMC Tower and the South Street Bridge replacement.

"I am thrilled to welcome this new market to our Atlantic Region," said U.S. Concrete President, CEO and Vice Chairman, William J. Sandbrook. "This acquisition continues our strategy of finding great businesses in new markets with future bolt-on and consolidation opportunities. The Philadelphia metro market is a mature and stable market with many of the same attributes in our other successful markets. Action's ability to meet demanding specifications in difficult operating environments fits the U.S. Concrete model and I am pleased to welcome them to our family of companies."

(PRN | 3 years ago)