Vulcan Materials Company, a producer of construction aggregates, agreed to acquire US Concrete, a supplier of aggregates and ready-mixed concrete, for $1.3bn. "US Concrete is an important Vulcan customer in a number of key areas, and this transaction is a logical and exciting step in our growth strategy as we further bolster our geographic footprint. Ronnie Pruitt and his team have done an excellent job growing and operating its business, and we look forward to welcoming the US Concrete employees to the Vulcan family. This is a merger of two corporate cultures that value people, technology, operating disciplines, customer service and the entrepreneurial spirit, and it positions Vulcan to further drive sustainable, long-term shareholder value," Tom Hill, Vulcan Materials Company Chairman and CEO.