Oldcastle Precast Acquires Assets of U.S. Concrete California Precast Operations
Manufacturer gains key assets of six precast operations in California
Oldcastle Precast, Inc., a manufacturer of precast concrete products, announced that it has reached a definitive agreement to acquire key assets of U.S. Concrete’s six precast concrete operations in California.
This acquisition will strengthen the Oldcastle Precast presence in the western U.S. market and will provide a leading position in the storm and sanitary sewer market in northern California, while adding to its statewide positions in the utility, transportation and structural business.
“We are excited to build on our strategy to provide a comprehensive line of quality precast and prestressed concrete products nationwide,” said Mike Scott, West Coast group president. “Our acquisition of U.S. Concrete’s California assets positions us as a leading provider of storm and sanitary products in northern California and adds to our growing structural/prestress capacity in the western U.S.”