U.S. Concrete, Inc. operates as a producer of ready-mixed concrete in select geographic markets in the United States. The company operates principally in Texas, California, and New Jersey/New York. As of December 31, 2013, it had 114 ready-mixed concrete plants, approximately 940 owned and leased mixer trucks, 7 aggregates facilities, and 1 recycled aggregates facility. The company leases two other aggregates facilities to third parties and retains a royalty on production from those facilities. Segments The company operates its business through two primary segments, Ready-Mixed Concrete and Aggregate Products. Ready-Mixed Concrete segment This segment is engaged principally in the formulation, preparation, and delivery of ready-mixed concrete to the company’s customers’ job sites. It provides its ready-mixed concrete from its operations in north and west Texas, northern California, New Jersey, New York, Washington, D.C. and Oklahoma. The company also provides services, such as the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs to meet its customers’ needs. Products and services The company’s ready-mixed concrete products consist of proportioned mixes that it produces and delivers in an unhardened plastic state for placement and shaping into designed forms at the job site. It provides various services in connection with its sale of ready-mixed concrete. These services include the production of formulations and alternative product recommendations; quality control, through automated production and laboratory testing, which ensures results and minimizes the need to correct completed work; and automated scheduling and tracking systems that ensure delivery and reduce the downtime incurred by the customer’s placing and finishing crews. The company produces ready-mixed concrete by combining the desired type of cement, other cementitious materials, sand, gravel and crushed stone with water, and one or more admixtures. These admixtures, such as chemicals, minerals and fibers, determine the usefulness of the product for particular applications. The company uses various chemical admixtures to achieve one or more of five basic purposes, such as relieve internal pressure and increase resistance to cracking; retard the hardening process to make concrete workable in hot weather; strengthen concrete by reducing its water content; accelerate the hardening process and reduce the time required for curing; and facilitate the placement of concrete having low water content. The company uses various mineral admixtures as supplements to cement, which it refers to as supplemental cementitious materials, to alter the permeability, strength and other properties of concrete. These materials include fly ash, ground granulated blast-furnace slag, silica fume, and other natural pozzolans. These materials also reduce the amount of cement content used, which results in a reduction in carbon dioxide emissions. The company also uses fibers, such as steel, glass, synthetic, and carbon filaments as additives in various formulations of concrete. Fibers help control shrinkage cracking, thus reducing permeability and improving abrasion resistance. In various applications, fibers could replace welded steel wire and reinforcing bars. Marketing and Sales The company’s marketing efforts primarily target concrete sub-contractors, general contractors, governmental agencies, property owners and developers, architects, engineers, and home builders. Aggregate Products segment This segment produces crushed stone, sand, and gravel from seven aggregates facilities located in New Jersey and Texas. The company sells these aggregates for use in commercial, industrial, and public works projects in the markets they serve, as well as consumes them internally in the production of ready-mixed concrete in those markets. Other Other products not associated with a segment include the company’s building materials stores, hauling operations, lime slurry, Aridus rapid-drying concrete technology, brokered product sales, a recycled aggregates operation, and one precast concrete plant. Customers The company’s customers include contractors for commercial and industrial, residential, street and highway, and other public works construction. Acquisitions In 2013, Redi-Mix LLC, the company’s wholly owned subsidiary, completed the acquisition of certain assets of the ready-mixed concrete operations of Bodin Concrete, L.P. The assets include three ready-mixed concrete plants located in Wylie, Rockwall, and Forney, Texas. Strategy The company’s strategy is to focus on core operations and pursue growth. History U.S. Concrete, Inc., a Delaware corporation, was founded in 1948. The company was incorporated in 1997 and began its operations in 1999.
us concrete inc (USCR:NASDAQ CM)
331 North Main Street
Euless, TX 76039
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