SOURCE: U.S. Concrete, Inc.

U.S. Concrete, Inc.

June 03, 2015 06:00 ET

U.S. Concrete Completes Sale of Final Precast Concrete Operation

EULESS, TX--(Marketwired - June 03, 2015) - U.S. Concrete, Inc. (NASDAQ: USCR) announced today that it has completed the sale of the remaining assets of the U.S. Concrete Precast Group, which consisted of an architectural precast plant operating in Middleburg, PA. The transaction represents the final divestiture of the Company's owned assets relating to precast concrete operations.

"This transaction marks the completion of our exit from the noncore precast concrete business," said U.S. Concrete President and CEO, William J. Sandbrook. "Since 2011, we have taken many successful steps to strategically position our business to capitalize on heavy construction material opportunities in our markets. This timely and accretive divestiture is another positive accomplishment for our Company and highly aligned with our strategic direction. We are now better positioned to continue dedicating our time, resources and capital to further expanding our heavy material operations in our attractive markets across the country. We believe we have a strong pipeline of growth opportunities ahead of us and an efficient capital base to continue enhancing our profitability and cash flow."

About U.S. Concrete, Inc.
U.S. Concrete, Inc. (the "Company" or 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 140 standard ready-mixed concrete plants, 16 volumetric ready-mixed concrete facilities, and 10 producing aggregates facilities. During 2014, U.S. Concrete sold approximately 5.7 million cubic yards of ready-mixed concrete and approximately 4.7 million tons of aggregates. For more information on U.S. Concrete, visit


This press release contains various forward-looking statements and information that are based on management's belief, as well as assumptions made by and information currently available to management. These forward-looking statements speak only as of the date of this press release. The Company disclaims any obligation to update these statements and cautions you not to rely unduly on them. Forward-looking information includes, but is not limited to, statements regarding: the stability of the business; ready-mix backlog; ability to maintain our cost structure; ability to maximize liquidity, monitor fixed costs, manage variable costs, control capital spending and monitor working capital usage; and the adequacy of current liquidity. Although U.S. Concrete believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions, including, among other matters: general and regional economic conditions; the level of activity in the construction industry; the ability of U.S. Concrete to complete acquisitions and to effectively integrate the operations of acquired companies; development of adequate management infrastructure; departure of key personnel; access to labor; union disruption; competitive factors; government regulations; exposure to environmental and other liabilities; the cyclical and seasonal nature of U.S. Concrete's business; adverse weather conditions; the availability and pricing of raw materials; the availability of refinancing alternatives; and general risks related to the industry and markets in which U.S. Concrete operates. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those expected. These risks, as well as others, are discussed in greater detail in U.S. Concrete's filings with the Securities and Exchange Commission, including U.S. Concrete's Annual Report on Form 10-K for the year ended December 31, 2014 and subsequent Quarterly Reports on Form 10-Q.

Source: USCR-G

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