SOURCE: U.S. Concrete, Inc.

U.S. Concrete, Inc.

November 06, 2015 06:00 ET

U.S. Concrete Wins New York City Concrete Industry Board Annual Award

Award Marks U.S. Concrete's Third CIB Annual Award in Four Years

EULESS, TX--(Marketwired - November 06, 2015) - U.S. Concrete, Inc. (NASDAQ: USCR) announced today that its New York business unit, Ferrara Bros., received the New York City Concrete Industry Board ("CIB") Annual Award for its work on the 432 Park Avenue building, the tallest residential tower in the Western Hemisphere. The Award was presented at the CIB's 54th annual awards event on November 4th.

Ferrara Bros. placed the concrete for the first high-strength, white-concrete superstructure in New York City. Towering to 1,397-feet tall, 432 Park Avenue also includes retail and office space. Ferrara Bros.' quality control laboratory, Aggregate & Concrete Testing, LLC, designed a self-consolidating ready-mixed concrete with white cement that met strict performance specifications.

"The feat of designing and delivering such a complicated, high-performance concrete is quite an accomplishment," said William J. Sandbrook, U.S. Concrete President and CEO. "Ferrara Bros., and their laboratory, are very deserving of this prestigious honor and I take great pride in congratulating them."

Ferrara Bros. worked with its customer, Roger & Sons Concrete, Inc., to place the concrete. The project was developed by the joint venture of CIM Group and Macklowe Properties, Inc. The executive architect, SLCE Architects, LLP, working with design architect, Rafael Viñoly Architects, and structural engineer, WSP Cantor Seinuk, created the latest iconic symbol in the famous skyline dotted with icons.

This is the third time in the past four years that U.S. Concrete companies have earned CIB's Annual Award for their role in supplying ready-mixed concrete. Past projects include One World Trade Center, formerly known as Freedom Tower, and the World Trade Center Transportation Hub Transit Hall, two of New York City's bold, new landmarks in lower Manhattan.

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 144 standard ready-mixed concrete plants, 16 volumetric ready-mixed concrete facilities, and 14 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 www.us-concrete.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

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 forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except as required by federal securities laws, and cautions you not to rely unduly on them. Forward-looking information includes, but is not limited to, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are predictions based on our current expectations and projects about future events. Although the Company 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 forward-looking statements, by their nature, are subject to certain risks, uncertainties and assumptions, including, among other matters: general and regional economic conditions, which will, among other things, affect demand for new residential and commercial construction; our ability to successfully identify, manage and integrate acquisitions; the cyclical nature of, and changes in, the real estate and construction markets, including pricing changes of our competitors; governmental requirements and initiatives, including those related to mortgage lending or mortgage financing, funding for public or infrastructure construction, land usage and environmental, health and safety matters; disruptions, uncertainties or volatility in the credit markets that may limit our, our suppliers' and our customers' access to capital; our ability to successfully implement our operating strategy; weather conditions; our substantial indebtedness and the restrictions imposed on us by the terms of our indebtedness; our ability to maintain favorable relationships with third parties who supply us with equipment and essential supplies; our ability to retain key personnel and maintain satisfactory labor relations; and product liability, property damage and other claims and insurance coverage issues. 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

Contact Information

  • Company Contact Information:

    U.S. Concrete, Inc.
    Investor Relations
    844-828-4774
    IR@us-concrete.com