US Concrete to buy Alberta Investments affiliate
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.
Published under Cement News
