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US Concrete Inc. (USCR)

  • 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.
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Company Description
US Concrete Inc is a holding company. The Company through its subsidiaries is engaged in producing & providing ready-mixed concrete, aggregates and concrete-related products and services to the construction industry in the markets in the United States.