U.S. Concrete Inc. announced that it completed the acquisition of Breckenridge Ready-Mix Inc. for $3.0 million in cash, and the assumption of approximately $400,000 in interest-bearing debt. The company used its existing line of credit to fund the purchase price. Breckenridge operates two ready-mixed concrete plants, a limestone quarry and sand pit in west Texas, and generated revenues of approximately $3.6 million in 2005. Breckenridge will add to the company's existing Ingram operations in west Texas.
U.S. Concrete provides ready-mixed concrete and related concrete products and services to the construction industry in several major markets in the United States. Excluding the assets described above, the company has 136 fixed and seven portable ready-mixed concrete plants, 10 pre-cast concrete plants, three concrete block plants and eight aggregates facilities. During 2005, these facilities produced approximately 9.0 million cubic yards of ready-mixed concrete, 4.8 million 8-inch equivalent block units and 4.1 million tons of aggregates.
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