U.S. Concrete, Inc. operates as a producer of ready-mixed concrete in select geographic markets in the United States. The company serves all segments of the construction industry in its select geographic markets. Its customers include contractors for commercial and industrial, residential, street and highway and other public works construction. The company operates principally in Texas, California, and New Jersey/New York. As of December 31, 2014, the company had 122 standard ready-mixed concrete plants, 16 volumetric ready-mixed concrete facilities, 10 producing aggregates facilities, 3 aggregates distribution terminals, 2 lime facilities, and 1 recycled aggregates facility. The company leases two other aggregates facilities to third parties. As of December 31, 2014, the company operated approximately 1,070 drum mixer trucks and 109 volumetric mixer trucks. Segments The company operates its business through two primary segments, Ready-Mixed Concrete and Aggregate Products. Ready-mixed Concrete segment This segment engages principally in the formulation, preparation and delivery of ready-mixed concrete to the company’s customers’ job sites. The company provides its ready-mixed concrete from its operations in north and west Texas, northern California, New Jersey, New York, Washington, D.C. and Oklahoma. With the acquisition of volumetric ready-mixed concrete operations during 2014, the company has an expanded presence in Texas, with positions in all of the major metropolitan areas, plus the south Texas region. 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 standard ready-mixed concrete products consist of proportioned mixes that the company produces and delivers in an unhardened plastic state for placement and shaping into designed forms at the job site. The company provides various services in connection with its sale of ready-mixed concrete that could help reduce its customers’ in-place cost of concrete. These services include the production of formulations and alternative product recommendations that reduce labor and materials costs; quality control, through automated production and laboratory testing, which ensures consistent 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 typically, 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 the five basic purposes, such as relieve internal pressure and increase resistance to cracking; retard the hardening process to make concrete more 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 the company 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 can 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 10 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. In addition, the company owns sand pit operations in Michigan and one quarry in west Texas, which it leases to third parties. Other Other products not associated with a segment include the company’s building materials stores, hauling operations, aggregates distribution terminals, lime slurry, Aridus rapid-drying concrete technology, brokered product sales, a recycled aggregates operation, and one precast concrete plant. Acquisitions In 2014, the company acquired New York Sand and Stone, LLC from Amboy Aggregates, a joint venture between Great Lakes Dredge and Dock Company, LLC, a wholly owned subsidiary of Great Lakes Dredge and Dock Corporation and Ralph Clayton and Sons Material, LP. During 2014, the company acquired the assets of Custom-Crete, with operations in Dallas/Fort Worth, Houston, San Antonio, and Austin, Texas from Oldcastle Architectural, Inc., a wholly owned subsidiary of CRH plc; and the assets of Mobile-Crete of South Texas, LLC and Scofield Construction Services, LLC, with operations in San Antonio, Austin, and south Texas. In February 2015, the company announced that it completed the acquisition of all of the issued and outstanding equity interests of Right Away Redy Mix, Inc., an independent producer of ready-mixed concrete in San Francisco’s East Bay market. 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:Consolidated Issue listed on NASDAQ Capital Market)
331 North Main Street
Euless, TX 76039
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