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.