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HomeMy WebLinkAbout2013-11-26 Euless ArticlesNov. 13, 2013, 6:00 a.m. EST U.S. Concrete's Central California Operations Receive American Concrete Institute Award for Work on Stanford University's Bing Concert Hall Creative Concrete Strategies Employed to Address Unique Elliptical Shape EULESS, Texas, Nov 13, 2013 (GLOBE NEWSWIRE via COMTEX) -- Central Concrete Supply Co., Inc., a business unit of U.S. Concrete, Inc., and the leader in delivering low-CO2 concrete to the San Francisco Bay Area, announced that it received the Northern California & Western Nevada Chapter American Concrete Institute (ACI) Award for Outstanding Construction, Structural Category, at an ACI event held last night. This award recognized the work performed by Central Concrete and concrete contractor Joseph J. Albanese, Inc., along with general contractor Turner Construction Company and various design team members, for Stanford University's Bing Concert Hall. Team members for the Stanford University Bing Concert Hall included: Ready Mix Supplier: Central Concrete Supply Co., Inc. Concrete Contractor: Joseph J. Albanese, Inc. General Contractor: Turner Construction Company Structural Engineer: Degenkolb Engineers Civil Engineer: Wilsey Ham Architect: Ennead Architects The Northern California & Western Nevada Chapter ACI Awards Ceremony and Dinner were held in Pleasanton, Calif. Awards Chair Rich Vance, Lehigh Southwest Cement Co., hosted the event. Accepting the award on behalf of Central Concrete was Dave Perry, vice president of sales and marketing. Speakers included Dave Perry, Central Concrete Supply Co., Inc.; Stephen Coates, Turner Construction Company; and Chris Zynda, Joseph J. Albanese, Inc. Stanford's Bing Concert Hall, which opened on January 11, 2013, has won numerous awards for its distinct design. The hall's unique ovoid form evolved from discussions with acoustician Yasu Toyota. One of the key objectives was to accommodate unamplified musical performances. To achieve that goal, Ennead Architects designed a tilted oval ceiling canopy suspended 47 feet above the centrally located stage, creating a lower reverberation and richer, fuller sound. In addition, concrete "sails," with their convex shapes dispersing the sound, enable the audience to hear sounds coming from more than one direction. Central Concrete supplied 7,500 cubic yards of concrete for the project, and the low-CO2 mixes selected reduced the overall carbon footprint for the construction project by just over one million pounds. "Central was honored to supply our low-CO2 concrete for this landmark project and to work with such a strong team of technical designers and contractors," said Jeff Davis, vice president and general manager, Central Concrete. "Audience members will be impressed by the remarkable use of concrete in the Bing Concert Hall, in particular the stationary concrete walls that look like billowing sails." "Due to the Stanford Bing Concert Hall's architecture and acoustic requirements, concrete was the only solution for its main structural features," said Stephen T. Coates, P.E. Turner Construction Company. "The aggressive schedule and sophisticated architecture required impeccable quality control. Joseph J. Albanese, Inc. and Central Concrete rose to the challenge at every step of the way." Stanford Bing Concert Hall's elliptical shell shape, along with its intricate secondary structural system that supports the sails and cloud acoustical panels, presented one-of-a-kind challenges for concrete contractor Joseph J. Albanese, Inc. To create the 12-inch thick concrete hall enclosure, with its round radius, Joseph J. Albanese, Inc. developed a single-sided curved forming system with a PVC clip screed rail using a process called wet-mix shotcrete. This process allowed the concrete contractor to meet the tight 1/8 inch in 10 feet tolerance. In fact, scans of the project revealed that the building was within 1/2 inch of location off GPS. "Designers and builders, often marvel at the project's complexity and ask, 'how did they do that?'," said Chris Zynda, shotcrete manager, Joseph J. Albanese, Inc. "We addressed the difficult requirements with a team effort, led by our superintendent and foreman. Our forming and shotcrete crews -- including finishers, laborers, and ACI-certified nozzlemen -- each brought high degrees of qualifications and experience when constructing the Bing Concert Hall." Emphasizing further the importance that Joseph J. Albanese, Inc. placed on teamwork throughout the difficult build, CEO and President John Albanese, stated, "I'm proud of the way our team rose to the challenge presented by the Bing Concert Hall and confronted it head on. That mentality has been the foundation of our company's success for more than 58 years." About Central Concrete Central Concrete Supply Co., Inc., a business unit of U.S. Concrete, Inc., has been serving the San Francisco Bay Area for more than 60 years. The company is recognized for engineering higher-performing concrete than traditional concrete while significantly lowering carbon footprints with its low-C02 mixes. Unlike traditional concrete, Central Concrete's standard mixes deliver 50% or greater cement replacement materials, thereby significantly reducing the carbon footprint of the project under construction. Central Concrete is recognized for supplying its low-CO2 mixes to numerous San Francisco Bay Area signature projects, including the Cathedral of Christ the Light Church, Oakland; California Academy of Sciences, San Francisco (world's greenest museum); NASA Ames Sustainability Base, Mountain View (greenest federal building in the U.S.); David and Lucile Packard Foundation, Los Altos (largest net-zero private office building in Calif.); the San Francisco Public Utilities Commission headquarters (San Francisco's greenest office building); the new Santa Clara San Francisco 49ers stadium; and the San Francisco-Oakland Bay Bridge. With 12 locations in the San Francisco Bay Area, Central Concrete offers multiple points of service to meet the diverse operational needs of its customers. For more information, visit www.centralconcrete.com. About U.S. Concrete U.S. Concrete services 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 105 fixed and 10 portable ready-mixed concrete plants and seven producing aggregates facilities. During 2012, U.S. Concrete produced approximately 4.8 million cubic yards of ready- mixed concrete and approximately 3.3 million tons of aggregates. For more information about 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 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 and the improvements achieved during our restructuring; 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, 2012 and subsequent Quarterly Reports on Form 10-Q. CONTACT: Company Contacts: Andrew Pinkerton Marketing Communications, U.S. Concrete apinkerton@us-concrete.com 817-835-2621 Anne Banta Marketing and Communications, Central Concrete anne@banta.org office: 831-293-8008 mobile: 650-400-9673 The City of Euless Wants to Enforce Towing Regulations, So Towers Are Threatening to Sue By Amy Silverstein Fri., Nov. 15 2013 at 8:00 AM Amy Silverstein For a moment, it seemed that one small suburb in north Texas was prepared to take on the tow truck industry. It was less of a crackdown and more of an "education campaign," according to Euless Police Department Lieutenant E.J. Starnes. The police were concerned that apartment complexes had made it too easy for tow truck companies to come in and take residents' cars away. A police spokesman sent an email to apartment managers, asking them to come to a meeting to learn about local towing laws. "Please forward this to all of the other managers and do your best to get full attendance," the email said. The police would even provide free lunch. News of the meeting did not go over well with the towing industry, which promptly threatened to sue the city. James Mosser, a Dallas-based attorney who represents tow truck companies, sent the city a letter on November 8. "You have ignored my telephone calls and have not returned my telephone calls," Mosser wrote to Euless City Attorney Wayne Olson before getting to the meat of the matter: Any attempted enforcement of the Euless city ordinance Sec. 90-93. and Sec. 90-96, will be met with legal action, because it is a violation of federal law. Each of the following ordinances are in violation of 49 U.S.C. 14501. You should know this. Your staff should know this. You should inform the City of this fact. You should return your telephone calls....Your staff has no idea what I am talking about. So again please call me. As I have told your staff and the City of Euless if you do not discontinue your unlawful enforcement of the above reference ordinances I will seek injunctive relief, sanctions, and monetary damages. Reached by telephone, Mosser accuses Euless of violating federal laws regulating interstate commerce. "One of the issues is that when property managers get threatened by the city, they put towing on hold," Mosser says. He says he threatened the lawsuit after a client of his, Excalibur Towing, called him and said that a wrecker driver had been getting hassled by Euless Police Department officers, though Lieutenant Starnes says he has no record of that. The police department, Mosser adds, is trying "to intimidate the apartment complexes so they won't hire the towing companies." All of this of course suggests that there's a pretty cozy relationship between apartment complexes and tow truck companies, an issue we've written about a lot. Mosser more or less denies that his client gives kickbacks to landlords, but adds: "If I did know, I wouldn't tell you." The whole Euless towing fight was triggered by -- what else -- an angry apartment resident. James Barr had been living at the Westdale Hills apartment community for less than three weeks when he got a warning sticker from Metro Parking Solutions. There was nothing wrong with the way he was parked. The tow truck company actually just had an issue with the mechanics of Barr's car. More specifically, his inspection sticker was out of date. Barr forgot about the notice until he woke up early on October 25 and found that his car was missing. He paid $473 at a lot 10 miles away to get the car back, and then he got some legal advice from Pat Johnson, the former tow truck company owner who now blogs about predatory towing. Johnson described Barr's case on his website, and both men got in contact with Lieutenant Starnes. It turned out, Metro had violated a few local rules: Tow trucks in Euless aren't supposed to take a car to a lot that's more than three miles away. Also, someone from the actual Westdale apartment complex was supposed to sign the tow slip before Metro took action. "These towing laws change. And they are very confusing and they are extensive. There's just a lot to learn," says Kathy Riggins, an administrative assistant at Westdale Asset Management. After hearing the complaints, it occurred to Starnes that other apartment complexes might not be following the rules, which have been in place since 2012. So he scheduled that informational tow law meeting. "We need to inform our apartment complexes, 'Hey, this is what the ordinance says, make sure that y'all are in compliance with our ordinance.'" On Thursday, city officials were still figuring out what to do about Mosser's legal threat, and the meeting was canceled. The Euless Police Department still plans to enforce the ordinance until they are ordered otherwise from the City Attorney's office, Starnes says. Meanwhile, Metro Parking Solutions was supposed to send a $473 refund to Barr, but that check appears to have vanished. "The money was left at the office where he lived," says Scott Gorby, the General Manager at Metro Parking Solutions. The Westdale leasing office says they can't comment on that. Barr says he's still out $473. "I haven't gotten anything back," Barr tells Unfair Park in an email. "The battle is just beginning." U.S. Concrete Prices $200 Million of Senior Secured Notes Due 2018 November 19, 2013 18:30 | Source: U.S. Concrete EULESS, Texas, Nov. 19, 2013 (GLOBE NEWSWIRE) -- U.S. Concrete, Inc. (Nasdaq:USCR) (the "Company" or "U.S. Concrete") announced today that it has priced an offering of $200 million aggregate principal amount of its 8.500% senior secured notes due 2018 (the "Notes") at an issue price of 100% of the aggregate principal amount of the Notes. The Notes will mature on December 1, 2018, unless redeemed in accordance with their terms prior to such date. The Notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act. The offering of the Notes is expected to close on November 22, 2013, subject to customary closing conditions. The Notes will be senior secured obligations of the Company and will be guaranteed on a senior secured basis by the existing and future subsidiaries of the Company that guarantee obligations under its senior secured asset-based revolving credit facility (the "Revolving Facility") or that guarantee certain other indebtedness of the Company or certain of its subsidiaries. The Notes and the guarantees will be secured by a first-priority lien on certain of the Company's and the subsidiary guarantors' assets and by a second-priority lien on the Company's and the subsidiary guarantors' assets that secure the Revolving Facility on a first-priority basis. The assets which secure the Notes on a first-priority basis will secure the Revolving Facility on a second-priority basis. U.S. Concrete intends to use the net proceeds from this offering to repay all of the outstanding borrowings under the Revolving Facility, to redeem or otherwise retire all of its outstanding 9.50% Senior Secured Notes due 2015, and for general corporate purposes. The Company has sent a conditional notice of optional redemption to the Trustee for its outstanding 9.50% Senior Secured Notes due 2015. The redemption is subject to certain conditions, including the consummation of this offering or another financing that provides net proceeds sufficient to redeem the 9.50% Senior Secured Notes due 2015 in full. If the conditions are not satisfied, then the notice of optional redemption will be rescinded. The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About U.S. Concrete, Inc. U.S. Concrete services the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and aggregate products. As of the date of this press release, the Company has 105 fixed and 10 portable ready-mixed concrete plants and seven producing aggregates facilities. During 2012, these plant facilities produced approximately 4.8 million cubic yards of ready-mixed concrete and 3.3 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 beliefs, as well as assumptions made by and information currently available to management. These are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date of this press release. U.S. Concrete disclaims any obligation to update these statements and cautions you not to rely unduly on them. 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. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the possibility that the offering of the Notes will not close or the redemption of the 9.50% Senior Secured Notes due 2015 will not be redeemed or that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized or the possibility that costs or difficulties related thereto will be greater than expected. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. Additional risks affecting U.S. Concrete 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, 2012 and its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013. Matt Brown, SVP & CFO U.S. Concrete, Inc. 817-835-4105 Teen killed attempting to cross Euless highway Posted Wednesday, Nov. 20, 2013 By Domingo Ramirez Jr. ramirez@star-telegram.com A 15-year-old Bedford teen died from injuries he suffered Tuesday evening when he was hit by a vehicle as he attempted to cross a Euless highway, Euless police said Wednesday. The Tarrant County medical examiner’s office identified the boy as Amari Darby of Bedford who died at 10:19 p.m. Tuesday at Texas Health Harris Methodist Hospital Fort Worth. The incident was reported at 6:10 p. m. Tuesday in the 3000 block of W. Euless Boulevard in Euless. A witness said Darby, who turned 15 on Saturday, ran onto the highway when he was hit by a vehicle in the westbound lanes of the highway. The motorist stopped after hitting the teen. Darby was taken to Texas Health Harris Methodist Hospital H-E-B in Bedford then taken by helicopter to the Fort Worth hospital. No charges are pending against the driver, Euless police said Tuesday. Darby was in the eighth grade at Central Junior High School in Bedford where he played all sports, said Hurst-Euless-Bedford school district spokeswoman Judy Ramos on Wednesday in an email. Counselors are at the school to work with students who need to talk to someone as they deal with this tragedy, Ramos said. Domingo Ramirez Jr., 817-390-7763 Twitter: @mingoramirezjr U.S. Concrete Announces Closing of $200 Million of Senior Secured Notes Due 2018 November 22, 2013 16:15 | Source: U.S. Concrete EULESS, Texas, Nov. 22, 2013 (GLOBE NEWSWIRE) -- U.S. Concrete, Inc. (Nasdaq:USCR) (the "Company" or "U.S. Concrete") announced today the closing of its offering of $200 million aggregate principal amount of 8.500% senior secured notes due 2018 (the "Notes") at an issue price of 100% of the aggregate principal amount of the Notes. The Notes mature on December 1, 2018, unless redeemed in accordance with their terms prior to such date. The Notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes are senior secured obligations of the Company and are guaranteed on a senior secured basis by the existing and future subsidiaries of the Company that guarantee obligations under the Company's senior secured asset-based revolving credit facility (the "Revolving Facility") or that guarantee certain other indebtedness of the Company or certain of its subsidiaries. The Notes and the guarantees are secured by a first-priority lien on certain of the Company's and the subsidiary guarantors' assets and by a second-priority lien on the Company's and the subsidiary guarantors' assets that secure the Revolving Facility on a first-priority basis. The assets which secure the Notes on a first-priority basis secure the Revolving Facility on a second-priority basis. U.S. Concrete used a portion of the net proceeds from this offering to repay all of the outstanding borrowings under the Revolving Facility and to redeem all of its outstanding 9.50% Senior Secured Notes due 2015. U.S. Concrete will use the remaining net proceeds from the offering for general corporate purposes. The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About U.S. Concrete, Inc. U.S. Concrete services the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and aggregate products. As of the date of this press release, the Company has 105 fixed and 10 portable ready-mixed concrete plants and seven producing aggregates facilities. During 2012, these plant facilities produced approximately 4.8 million cubic yards of ready-mixed concrete and 3.3 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 beliefs, as well as assumptions made by and information currently available to management. These are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date of this press release. U.S. Concrete disclaims any obligation to update these statements and cautions you not to rely unduly on them. 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. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, or that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized or the possibility that costs or difficulties related thereto will be greater than expected. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. Additional risks affecting U.S. Concrete 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, 2012 and its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013. Matt Brown, SVP & CFO U.S. Concrete, Inc. 817-835-4105 Texa s Health H-E-B breaks ground on cancer center Posted Friday, Nov. 22, 2013 By Jim Fuquay jfuquay@star-telegram.com Texas Health Harris Methodist Hospital H-E-B broke ground Friday on a freestanding cancer center, which is expected to open by next fall. Partnering in the $6 million, 38,000-square-foot facility are Texas Oncology, a cancer physicians group, and Cambridge Holdings, a real estate developer. The facility, to be named Texas Health HEB Cancer Center, will be at the northeast corner of Hospital Parkway and Tibbets Drive, south of the main hospital. The hospital’s current Edwards Cancer Center opened in 1990 within the hospital, said Deborah Paganelli, president of Texas Health H-E-B. That facility was built with heavy shielding to accommodate the linear accelerators that deliver radiation treatments, which will slow its conversion to other uses, she said. All cancer care at the Edwards center will move to the new facility, as will services delivered at a Texas Oncology office in a separate building on the hospital campus. Thirteen Texas Oncology physicians will work out of the new center. Texas Health H-E-B, which opened in 1973, has 276 beds, Paganelli said. Jim Fuquay, 817-390-7552 Twitter: @jimfuquay