HomeMy WebLinkAbout2014-03-11 Euless ArticlesU.S. Concrete Commences Production at
Greenfield Sand and Gravel Operation
U.S. Concrete Commences Production at Greenfield Sand and Gravel Operation
EULESS, Texas, March 3, 2014 (GLOBE NEWSWIRE) -- U.S. Concrete, Inc. (Nasdaq:USCR)
(the "Company" or "U.S. Concrete") announced today that its wholly owned subsidiary, Redi-
Mix Concrete, LLC, has commenced production at its newest mining operation, the Red River
Plant located in Thackerville, Oklahoma. This facility complements U.S. Concrete's existing
sand and gravel operations, allowing the Company to supply materials to its Dallas--Fort Worth
Metroplex concrete operations from the north as well as from its Rainbow and Chatfield plants to
the south, while opening up opportunities to supply portions of southern Oklahoma. This timely
expansion comes at a time when aggregate materials are in high demand in both Oklahoma and
Texas.
"We are very excited to bring the Red River Plant online at such a crucial time in the continually
improving construction cycle," said U.S. Concrete President and Chief Executive Officer
William J. Sandbrook. "We are committed to enhancing the self-sufficiency of our operations in
the high growth North Texas market via vertical integration and look forward to simultaneously
servicing the increasing commercial aggregates opportunities in the region."
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 106 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 Contact:
Matt Brown, SVP & CFO
U.S. Concrete, Inc.
817-835-4105