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News » US » US Concrete buys Texan aggregates business » published 10 Sep 2018

US Concrete buys Texan aggregates business

US Concrete has bought a Texas-based sand and gravel producer and has also announced the sale of its lime operations in the Dallas/Fort Worth area.

The acquisition of Proctor-based Leon River Aggregate Materials adds over 400 acres of land with reserves to the company's operations along with a processing plant.

US Concrete also announced that it has completed the divestiture of its Dallas/Fort Worth area lime operations to Lhoist North America. The sale includes two fixed plants, lime tankers and raw material tankers.

"We are excited to strengthen our aggregates operations in West Texas and to use the processing facility to produce high-quality materials that will be used in many of the market's ongoing and planned construction projects," said William Sandbrook, chairman, president and CEO of US Concrete. "The lime divestiture gives us the ability to further our strategic focus of optimizing our portfolio of assets and allocating money directly to growing our aggregates business while concurrently improving our balance sheet by reducing debt."

 

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This article was published on 10 Sep 2018 (last updated on 10 Sep 2018).

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