U.S. Concrete acquires mining aggregate reserves
U.S. Concrete acquired the Wantage Stone reserves, a site development quarry in Hamburg, N.J. The quarry includes an 80-acre land parcel, as well as mining rights to an additional 77 acres of land.
“The acquisition of these aggregate assets is directly aligned with our strategic objectives to expand our construction material operations and strengthen our vertically integrated capabilities,” says U.S. Concrete President and CEO William Sandbrook.
The Wantage reserves will continue to enhance its ability to service the Northern New Jersey and New York metropolitan markets with a combined 19 million tons of permitted reserves and a further 19 million tons of unpermitted, yet additional reserves.
“Furthermore, this quarry provides an extremely rare opportunity, due to permitting restrictions, of opening a new quarry in Northern New Jersey,” Sandbrook adds. “Our balance-sheet strength and extensive operational experience in aggregate operations allowed us to complete this very attractive addition to our aggregate reserve position.”
U.S. Concrete serves the construction industry in several major markets in the U.S. through its two business segments: ready-mixed concrete and aggregate products. The company has 139 standard ready-mixed concrete plants, 16 volumetric ready-mixed concrete facilities and 12 aggregate-producing facilities.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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