EX-99.1
8
v198197_ex99-1.htm
NEWS
RELEASE
Contact:
Curt
Lindeman, General Counsel
U.S.
Concrete, Inc.
713-499-6222
FOR
IMMEDIATE RELEASE
U.S.
CONCRETE HIRES CHIEF FINANCIAL OFFICER
HOUSTON,
TX - October 1, 2010 - U.S. Concrete, Inc. today announced that James C. Lewis
has been named Senior Vice President and Chief Financial Officer. Mr. Lewis has
over 20 years of senior financial management experience. Most
recently, Mr. Lewis was Vice President and Treasurer with McDermott
International, Inc., a global engineering and construction company with over $6
billion in annual revenue and operations in 20 countries. He holds a
BBA in finance from the University of Houston and an MBA from the University of
Texas and will begin his role immediately.
"We are
very excited to have someone of Jim's caliber join our Company", said Michael W.
Harlan, U.S. Concrete's President and Chief Executive Officer. "His experience
and skill-set will be a great addition to both the Company and the executive
management team as we move forward in executing our strategy".
About
U.S. Concrete
U.S.
Concrete services the construction industry in several major markets in the
United States through its two business segments: ready-mixed concrete and
concrete-related products; and precast concrete. Following the divestiture
of the Company's interest in Superior Materials Holdings, LLC, the Company has
101 fixed and 11 portable ready-mixed concrete plants, seven precast concrete
plants and seven producing aggregates facilities. During 2009 (including
acquired volumes, but excluding Superior Materials Holdings), these plant
facilities produced approximately 4.0 million cubic yards of ready-mixed
concrete and 3.0 million tons of aggregates. For more information on U.S.
Concrete, visit
www.us-concrete.com
.
1
CAUTIONARY STATEMENT
REGARDING FORWARD-LOOKING STATEMENTS
This
press release contains various forward-looking statements and information that
are based on management's beliefs, as well as assumptions made by and
information currently available to management. These forward-looking statements
speak only as of the date of this press release. The Company disclaims any
obligation to update these statements and cautions you not to rely unduly on
them. Forward-looking information includes, but is not limited to: the effect of
Mr. Lewis' hiring on the Company and the executive management team. Although
U.S. Concrete believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that those expectations will
prove to have been correct. Such statements are subject to certain risks,
uncertainties and assumptions, including, among other matters: general and
regional economic conditions; the level of activity in the construction
industry, the ability of U.S. Concrete to complete acquisitions and to
effectively integrate the operations of acquired companies; development of
adequate management infrastructure; departure of key personnel; access to labor;
union disruption; competitive factors; government regulations; exposure to
environmental and other liabilities; the cyclical and seasonal nature of U.S.
Concrete's business; adverse weather conditions; the availability and pricing of
raw materials; and general risks related to the industry and markets in which
U.S. Concrete operates. Should one or more of these risks materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
those expected. These risks, as well as others, are discussed in greater detail
in U.S. Concrete's filings with the Securities and Exchange Commission;
including U.S. Concrete's Annual Report on Form 10-K for the year ended December
31, 2009 and its Form 10-Q for the six months ended June 30, 2010.
#####
2

EX - 99 . 1 8 v198197 _ ex99 - 1 . htm NEWS RELEASE Contact : Curt Lindeman , General Counsel U . S . Concrete , Inc . 713 - 499 - 6222 FOR IMMEDIATE RELEASE U . S . CONCRETE HIRES CHIEF FINANCIAL OFFICER HOUSTON , TX - October 1 , 2010 - U . S . Concrete , Inc . today announced that James C . Lewis has been named Senior Vice President and Chief Financial Officer . Mr . Lewis has over 20 years of senior financial management experience . Most recently , Mr . Lewis was Vice President and Treasurer with McDermott International , Inc . , a global engineering and construction company with over $ 6 billion in annual revenue and operations in 20 countries . He holds a BBA in finance from the University of Houston and an MBA from the University of Texas and will begin his role immediately . " We are very excited to have someone of Jim 's caliber join our Company " , said Michael W . Harlan , U . S . Concrete 's President and Chief Executive Officer . " His experience and skill - set will be a great addition to both the Company and the executive management team as we move forward in executing our strategy " . About U . S . Concrete U . S . Concrete services the construction industry in several major markets in the United States through its two business segments : ready - mixed concrete and concrete - related products ; and precast concrete . Following the divestiture of the Company 's interest in Superior Materials Holdings , LLC , the Company has 101 fixed and 11 portable ready - mixed concrete plants , seven precast concrete plants and seven producing aggregates facilities . During 2009 ( including acquired volumes , but excluding Superior Materials Holdings ) , these plant facilities produced approximately 4.0 million cubic yards of ready - mixed concrete and 3.0 million tons of aggregates . For more information on U . S . Concrete , visit www.us-concrete.com . 1 CAUTIONARY STATEMENT REGARDING FORWARD - LOOKING STATEMENTS This press release contains various forward - looking statements and information that are based on management 's beliefs , as well as assumptions made by and information currently available to management . These forward - looking statements speak only as of the date of this press release . The Company disclaims any obligation to update these statements and cautions you not to rely unduly on them . Forward - looking information includes , but is not limited to : the effect of Mr . Lewis ' hiring on the Company and the executive management team . Although U . S . Concrete believes that the expectations reflected in such forward - looking statements are reasonable , it can give no assurance that those expectations will prove to have been correct . Such statements are subject to certain risks , uncertainties and assumptions , including , among other matters : general and regional economic conditions ; the level of activity in the construction industry , the ability of U . S . Concrete to complete acquisitions and to effectively integrate the operations of acquired companies ; development of adequate management infrastructure ; departure of key personnel ; access to labor ; union disruption ; competitive factors ; government regulations ; exposure to environmental and other liabilities ; the cyclical and seasonal nature of U . S . Concrete 's business ; adverse weather conditions ; the availability and pricing of raw materials ; and general risks related to the industry and markets in which U . S . Concrete operates . Should one or more of these risks materialize , or should underlying assumptions prove incorrect , actual results may vary materially from those expected . These risks , as well as others , are discussed in greater detail in U . S . Concrete 's filings with the Securities and Exchange Commission ; including U . S . Concrete 's Annual Report on Form 10 - K for the year ended December 31 , 2009 and its Form 10 - Q for the six months ended June 30 , 2010 . # # # # # 2