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US Concrete completes strategic acquisition

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World Cement,

US Concrete, Inc. has announced that it has acquired the assets of NYCON Supply Corporation, a ready-mixed concrete producer headquartered in the Long Island City neighbourhood of Queens, New York.

NYCON primarily serves high- and mid-rise projects in Western Queens and Midtown Manhattan through its two concrete batch plants and a fleet of 38 trucks. NYCON is a leader in quality and service in the markets it serves and will continue to operate under the NYCON Supply Corporation trade name.

"We are pleased to add NYCON to our growing portfolio of assets in New York," said US Concrete President and CEO, William J. Sandbrook. "NYCON's premier location enlarges our footprint to serve the New York City market and expands our regional customer base. We are now better positioned to enhance sales logistics, delivery efficiencies and material sourcing synergies. New York City's perpetually growing population, economic development, and redevelopment provide a strong backdrop for continued ready-mixed concrete demand in coming years. We look forward to welcoming the NYCON team to our company."

Adapted from press release by Joseph Green

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