US Concrete to buy Alberta Investments affiliate

US Concrete to buy Alberta Investments affiliate
Published: 29 June 2006

US Concrete Inc on Wednesday said it agreed to acquire all outstanding capital stock of Alberta Investments Inc. and its affiliate Alliance Haulers Inc. for US$165m. 
 
US Concrete, which provides ready-mixed concrete, said the acquisitions would help expand its operations in the Dallas/Fort Worth Metroplex market in the U.S and provide a strong position in the West Texas concrete market. 
 
Alberta Investments, which operates ready-mixed concrete plants, and Alliance Haulers, which provides cement hauling services, generated revenue of about US$181m in fiscal 2006, the Houston-based U.S. Concrete said in a statement.