US Concrete Inc.(USCR)- NASDAQ
  • Dec. 18, 2012, 2:20 PM

    U.S. Concrete (USCR +4.1%) says it's completed the sale of its wholly owned subsidiary, Smith Precast, for $4.27M in cash to Jensen Enterprises. The company says proceeds from the sale will be used to repay debt under its revolving credit facility and create liquidity for earnings enhancing activities such as acquisitions and organic growth opportunities.

    | Dec. 18, 2012, 2:20 PM
Company Description
U.S. Concrete, Inc. engages in the business of producing ready-mixed concrete. It operates through the Ready-Mixed Concrete and Aggregate Products segments. The Ready-Mixed Concrete segment focuses on the formulation, preparation, and delivery of ready-mixed concrete to the job sites of... More
Industry: General Building Materials
Country: United States