With the completion of the acquisition, U.S. Concrete's common stock has ceased trading on the NASDAQ Global Select Market, and U.S. Concrete is now a wholly-owned subsidiary of Vulcan.
Tom Hill, Chairman and CEO of Vulcan Materials Company, said, "With our complementary footprints and shared commitment to innovation and operational excellence, Vulcan will have enhanced scale within our aggregates business and additional geographic reach in attractive growing metropolitan areas to serve our customers."
Vulcan Materials Company, with headquarters in Birmingham, Alabama, USA, is the nation's largest supplier of construction aggregates—primarily crushed stone, sand and gravel—and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete.