Euless’ U.S. Concrete expands its New York operations with acquisition

Todd Short
concrete-jake-dean

Forms being prepared before a new concrete pour. Photo: Jake Dean

via Candace Carlisle, Dallas Business Journal

Euless-based U.S. Concrete Inc. (Nasdaq: USCR) — the North Texas city’s only publicly traded company— has expanded its New York operations with the help of a Bronx-based concrete business.

The acquisition of Jenna Concrete Corp. will bring a fleet of 52 mixer trucks and two ready-mixed concrete plants under U.S. Concrete’s umbrella to aid its New York operations. About 31 percent of U.S. Concrete’s business is in the greater New York city metro.

“This acquisition further demonstrates our ability to strengthen our leadership positions in our markets,” said President and CEO William “Bill” Sandbrook, in a statement. “Jenna will offer significant opportunities to leverage our expanded customer base and delivery efficiencies.”

By buying the 25-year-old company, U.S. Concrete will have even greater coverage of the Manhattan market and enlarges the footprint of the company in the Bronx borough. Sandbrook said this is how the company intends to grow in the future, with strategic acquisitions in key markets where U.S. Concrete can have a major market position.

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