U.S. Concrete, Inc. (NASDAQ: USCR) announced today it has acquired the assets of Action Supply Co., Inc., 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 Philadelphiametro 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."
About U.S. Concrete, Inc. U.S. Concrete serves the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and aggregate products. The Company has 162 standard ready-mixed concrete plants, 17 volumetric ready-mixed concrete facilities, and 17 producing aggregates facilities. During 2016, U.S. Concrete sold approximately 8.1 million cubic yards of ready-mixed concrete and approximately 5.6 million tons of aggregates.
For more information on U.S. Concrete, visit www.us-concrete.com.