U.S. Concrete Inc. (USCR) announced that it has executed a definitive asset purchase agreement to sell substantially all of its California pre-cast operations to Oldcastle Precast Inc. The company's California pre-cast operations consist of Central Precast Concrete Inc., San Diego Precast Concrete Inc. and Sierra Precast Inc., which are also parties to the definitive sales agreement.
The transaction is subject to customary closing conditions and is expected to close during the third quarter of 2012.
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