LONDON, UK / ACCESSWIRE / April 03, 2018 / Active-Investors.com has just released a free research report on US Concrete, Inc. (NASDAQ: USCR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=USCR as the Company's latest news hit the wire. On March 29, 2018, the Company announced that it has acquired a new state-of-the-art, ready-mixed concrete plant located north of downtown Philadelphia, to bolster its presence in the Philadelphia metropolitan market. The Company will integrate all of the acquired assets into its existing Philadelphia operations, Action Supply. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, US Concrete most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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US Concrete now has three ready-mixed concrete plants in Philadelphia and over 30 trucks.

Acquisition Greatly Enhances US Concrete's Ability to Serve the Greater Philadelphia Area

Commenting on the acquisition, William J. Sandbrook, President, Chief Executive Officer (CEO), and Vice Chairman of US Concrete, stated that in the Philadelphia market, demand for ready-mixed concrete across all of the Company's market segments was quite strong, and hence US Concrete was pleased to have completed this acquisition. Sandbrook further added that this acquisition, coupled with the recent acquisitions of Action Supply Co., Inc. and Corbett Aggregates Cos., LLC, greatly enhances US Concrete's ability to serve the Greater Philadelphia area. US Concrete will continue to look for opportunistic ways in which it can grow its market share and strengthen its geographic footprint in this region.

In 2017, the Company's consolidated revenues increased 14.4% to $1.3 billion compared to $1.2 billion in 2016, driven by higher volume and pricing, both organically and from acquisitions in 2016 and 2017 in both ready-mixed concrete and aggregate products.

US Concrete 2017 Acquisitions of Corbett Aggregates and Action Supply

In April 2017, US Concrete strengthened its aggregates capacity and ability to supply their New York City ready-mixed concrete operations by acquiring the assets of Corbett Aggregates, a premier provider of high quality concrete sand located in Quinton, New Jersey.

On October 02, 2017, the Company purchased all the assets of Action Supply, which supplied the Philadelphia metropolitan market with high-quality, high-strength ready-mixed concrete to commercial and infrastructure construction projects. Action Supply's proximity to US Concrete's formerly acquired aggregates production facility, Corbett Aggregates, offered immediate synergies from the vertical integration of fine aggregates. The Pennsylvania Department of Transportation approved its well-known projects in Philadelphia, including Lincoln Financial Field, Citizens Bank Park, FMC Tower, and the South Street Bridge replacement.

US Concrete's Recent Acquisition Deal

On January 10, 2018, US Concrete acquired the assets of On Time Ready Mix Inc., a ready-mixed concrete producer serving the mid- to high-rise commercial and residential segments primarily in Queens, New York. This strategic acquisition expanded and strengthened US Concrete's market recovery platform currently served by USC-Kings, LLC, allowing the Company to more effectively compete for non-union projects. The acquisition also demonstrated US Concrete's commitment to investing in growth segments throughout its business.

About US Concrete, Inc.

Headquartered in Euless, Texas, US Concrete is a leading supplier of ready-mixed concrete and aggregates in active construction markets across the United States. The Company operates through its two business segments, ready-mixed concrete and aggregate products. US Concrete has 178 standard ready-mixed concrete plants, 17 volumetric ready-mixed concrete facilities, and 19 producing aggregates facilities.

Stock Performance Snapshot

April 02, 2018 - At Monday's closing bell, US Concrete's stock fell 1.82%, ending the trading session at $59.30.

Volume traded for the day: 356.48 thousand shares.

After yesterday's close, US Concrete's market cap was at $960.07 million.

Price to Earnings (P/E) ratio was at 37.92.

The stock is part of the Industrial Goods sector, categorized under the General Building Materials industry.

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