EULESS, TX--(Marketwire - Jul 16, 2012) - U.S. Concrete, Inc. (NASDAQ: USCR) today announced that its wholly owned subsidiary, Eastern Concrete Materials, Inc. ("Eastern"), entered into a lease and marketing agreement with Granite Ready Mix, Scara-Mix, Inc. and related companies located at 707 Sharrotts Road on the southwestern side of Staten Island, NY effective July 16, 2012. The leased assets include a NYSDOT- and NYCDOB-approved batch plant that provides concrete for residential, commercial, and infrastructure projects on Staten Island. The company will also market sand, stone, and recycled aggregates on the island.
The Sharrotts Road expansion is part of Eastern's strategy to increase its presence in the New York City metropolitan area as the construction market rebounds. The Granite and Scara-Mix operations will complement Eastern's Master Mix, LLC operation on the northwestern side of Staten Island, enabling the company to optimize its expanded fleet of 30 delivery trucks to provide full service to Staten Island's densely populated northern and southern areas, as well as supplement service to Eastern's nearby New Jersey ready-mix locations.
"We are pleased to have made this arrangement with the Castellano family that started this business more than 25 years ago. We look forward to growing our sales on Staten Island by serving the customer base with our high quality products and safe, reliable service," said Michael Gentoso, Vice President and General Manger of U.S. Concrete Atlantic Division.
ABOUT U.S. CONCRETE
With locations serving major construction markets in the United States (California, Texas, New York, New Jersey and Washington, D.C.), U.S. Concrete's operating companies have been able to effectively meet the challenges inherent in large-scale projects. The company has supplied concrete for high profile, green building projects such as the San Francisco Public Utilities Headquarters, San Francisco Academy of Sciences, and One World Trade Center.
The company has 95 fixed and 12 portable ready-mixed concrete plants, 7 precast concrete plants and 7 producing-aggregates facilities. During 2011, these plant facilities produced approximately 4 million cubic yards of ready-mixed concrete from continuing operations and 3 million tons of aggregates. For more information on U.S. Concrete, please visit: http://www.us-concrete.com.