Acquisition further enhances company’s aggregates-led business with additional geographic reach
VULCAN Materials Company today announced that they have completed their previously announced acquisition of U.S. Concrete.
Tom Hill (pictured), chairman and chief executive officer of Vulcan Materials Company, said: ‘Today is an important milestone as we welcome U.S. Concrete and their talented team to Vulcan, while also taking the next step forward in our growth and value-creation strategy.
‘With our complementary footprints and shared commitment to innovation and operational excellence, Vulcan will have enhanced scale within our aggregates business and additional geographic reach in attractive growing metropolitan areas to serve our customers.
‘After working closely with the U.S. Concrete team over the past few months, we are more confident than ever in the cultural alignment across our organizations and the opportunities ahead.’
With the completion of the acquisition, U.S. Concrete’s common stock has ceased trading on the NASDAQ Global Select Market, and the company is now a wholly owned subsidiary of Vulcan.
