EULESS, Texas, March 13, 2014 (GLOBE NEWSWIRE) -- Redi-Mix, LLC, a business unit of U.S. Concrete, Inc. (Nasdaq: USCR ), today announced it was awarded the 2014 Concrete Cares Award from the National Ready Mixed Concrete Association in recognition of its longstanding commitment to giving back to its community and, specifically for this past year, for its work on behalf of the Clayton Dabney Foundation for Kids with Cancer. For the last 18 years, Redi-Mix Concrete has held a golf tournament with proceeds benefiting those less fortunate in the Dallas and Fort Worth area. Over the years, Redi-Mix Concrete has raised close to $750,000 for various charities. Last year was the fourth year the Redi-Mix Charity Classic benefited the Clayton Dabney Foundation, which was named in memory of a six year old boy who died from a rare form of terminal cancer. In 2013, at the 18th Redi-Mix Charity Classic, over $92,000.00 was gifted to the foundation. More than 100 employees gave close to 1,000 man-hours combined of their time through labor, fundraising and volunteering to make this event a success.
"Our mission is to be a responsible corporate citizen but our work with the Clayton Dabney Foundation is so much more personal to our company," said U.S. Concrete President and Chief Executive Officer William J. Sandbrook. "All of our employees take great pride in the difference they make in these families' lives."
The Clayton Dabney Foundation anonymously assists needy families with children in the last stages of terminal cancer. The Foundation often provides gifts of last wishes to a child that may be out of financial reach of the parents. In some cases, financial assistance has been provided to ease the heavy financial burdens of families such as car, house, utility payments and other obligations so the parents can spend more time with their dying child. A contribution will be made in Redi-Mix's honor to the foundation by the members of NRMCA's Manufacturers, Products & Services Division.
NRMCA, based in Silver Spring, MD, represents the producers of ready mixed concrete and the companies that provide materials, equipment and support to the industry. It conducts education, training, promotion, research, engineering, safety, environmental, technological, lobbying and regulatory programs.
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 aggregate products. The company has 105 fixed and 10 portable ready-mixed concrete plants and eight producing aggregates facilities. During 2013, U.S. Concrete produced approximately 5.2 million cubic yards of ready-mixed concrete and approximately 3.6 million tons of aggregates. For more information on U.S. Concrete, visit www.us-concrete.com .
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release contains various forward-looking statements and information that are based on management's belief, 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, statements regarding: the stability of the business; ready-mix backlog; ability to maintain our cost structure and the improvements achieved during our restructuring; ability to maximize liquidity, monitor fixed costs, manage variable costs, control capital spending and monitor working capital usage; and the adequacy of current liquidity. 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; the availability of refinancing alternatives; 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 or outcomes 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, 2013 and subsequent Quarterly Reports on Form 10-Q.
Company Contacts: Andrew Pinkerton Marketing Communications, U.S. Concrete O: 817-835-2621 M: 214-724-9664
