U.S. Concrete draws from revolver for Architectural Precast purchase

By Jennifer Chiou

New York, Oct. 1 - U.S. Concrete Inc. said it used borrowings under its revolving credit facility to fund the purchase price of its acquisition of Architectural Precast, LLC.

U.S. Concrete, a Houston-based producer and seller of concrete and related construction materials, said that during 2006 and for the last 12 months ended July 31, API generated revenues of $14.3 million and $16.9 million, respectively.

"The combination of API's architectural and structural pre-cast products with our existing ready-mixed concrete products will allow us to provide our customers in our Atlantic Region with a full range of products and services," said Michael W. Harlan, U.S. Concrete's president and chief executive officer in a news release.

The company also announced that it has reorganized its western pre-cast region into the pre-cast division, adding that Douglas W. McLaughlin has been appointed as vice president - U.S. Concrete precast division.

Based in Middleburg, Pa., API is a designer and manufacturer of architectural and structural pre-cast concrete products.

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