U.S. Concrete Inc. announced that its wholly owned subsidiary, Eastern Concrete Materials Inc. acquired New York Sand and Stone, LLC from Amboy Aggregates, a joint venture between Great Lakes Dredge and Dock Co. LLC, a wholly owned subsidiary of Great Lakes Dredge and Dock Corp. and Ralph Clayton and Sons Materials L.P. The acquisition includes the assignment of leases to operate two existing aggregate distribution terminals on the East River in Brooklyn, N.Y.
In a concurrent, separate transaction, U.S. Concrete Inc. entered into an exclusive sales and marketing agreement with Inwood Materials Terminal LLC, which includes a dock located in Inwood, N.Y., in Nassau County on the South Shore of western Long Island.
Eastern's ready-mixed concrete business is vertically integrated with aggregate production. The two New York Sand and Stone aggregate terminals and the Inwood dock will allow for more efficient delivery of raw materials to Eastern's production facilities.
These unique locations will also ease distribution of aggregate products to the large construction markets of New York City's five boroughs as well as Nassau and Suffolk counties on Long Island.
Population growth, commercial construction and the need for repair of existing infrastructure have created high demand for building materials in this area.
U.S. Concrete President and Chief Executive Officer William J. Sandbrook said, "We take great pride in supporting and supplying this important region with a more sustainable approach to the distribution of aggregates and are excited about the ability of these strategic locations to efficiently service the metro New York market.”