US Concrete has announced that it has acquired the assets of Greco, a ready-mixed concrete producer located in New York.
Greco currently operates two ready-mixed concrete plants and a fleet of 37 mixer trucks. The assets of Greco will be integrated into US Concrete’s existing New York operation, Ferrara Brothers, LLC.
Greco has an established and respected market presence in the New York metropolitan area with approximately 60 years of experience serving commercial and residential high-rise projects in Manhattan, Brooklyn, Staten Island and Queens, New York.
“This acquisition further demonstrates our commitment to be a leading producer of ready-mixed concrete in the New York metro area,” said US Concrete President and CEO, William J. Sandbrook. “We believe the New York City market is poised for strong demand growth in ready-mixed concrete with its perpetually growing population, economic development, and redevelopment activity. Additionally, the combination of Greco with Ferrara Bros. will offer significant opportunities to service our expanded customer base, optimise service efficiencies and enhance raw material purchasing savings. We are thrilled to welcome Greco to the US Concrete family of companies.”
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/the-americas/01032016/us-concrete-continues-expansion-new-york-metropolitan-area-596/