U.S. Concrete acquires New Jersey aggregate operation
U.S. Concrete acquired the assets of Corbett Aggregates Cos., an aggregate operation located in Quinton, New Jersey.
According to U.S. Concrete, this acquisition advances its vertical integration strategy and self-sufficiency in internal aggregate consumption.
Corbett Aggregates Cos. has about 401 acres of land with more than 35 million tons of reserves. The aggregate reserves will support U.S. Concrete’s family of businesses in the New York metropolitan market and its third-party customers, the company adds.
“The acquisition of Corbett meets our strategic objective of increasing self-sufficiency in our internal aggregates sourcing especially in an area of the country with quickly depleting fine aggregates resources,” says Bill Sandbrook, president and CEO of U.S. Concrete. “This acquisition will have an immediate positive impact on our operating results, and we look forward to continuing to identify other growth opportunities in our targeted markets.”
In connection with the deal, U.S. Concrete was also assigned a long-term lease with the South Jersey Port Corp. for an export dock located about six miles from Corbett Aggregates Cos.
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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