US Concrete CEO Ronnie Pruitt says: "An acquisition that adds to all of our Bay Area operations is a big win for US Concrete. Sugar City's long history in this dynamic market allows us to immediately capitalise on these assets. Beyond the retail and concrete additions, its proximity to our aggregates terminal means we are able to expand our distribution of Orca high performance concrete aggregates from Polaris Materials. These additions strengthen each of our segments and further add to shareholder value."
The deal includes a building material retail operation, two ready-mixed concrete batch plants and two concrete recycling systems.
US Concrete says the retail operation extends its westside concrete materials network to six locations. The ready-mixed concrete assets bring the central concrete network to 28 ready-mixed concrete plants, the company adds.