Core Viewpoint - The acquisition of Schwarz Ready Mix by Suncrete significantly enhances its operations in the Oklahoma City metro area, adding 20 ready-mix plants and over 100 mixer trucks, while also integrating more than 200 employees from Schwarz [1][2]. Company Overview - Suncrete is a ready-mix concrete logistics and distribution platform operating in Oklahoma and Arkansas, with plans for expansion throughout the U.S. Sunbelt region [3]. - The company operates a decentralized plant network with centralized oversight on pricing and customer relationships, ensuring timely delivery of products [3]. Acquisition Details - Suncrete has acquired substantially all assets of SRM, Inc. and all equity interests of Schwarz Sand, LLC, which collectively operate a ready-mix concrete business in Oklahoma City and surrounding areas [1]. - The acquisition aligns with Suncrete's growth strategy to expand its geographic reach and scale operations in new local markets [2]. Market Position - Suncrete aims to leverage its local market leadership and integrated logistics to capitalize on ongoing population growth, urbanization trends, and infrastructure investments in the Sunbelt region [3].
Suncrete Completes Oklahoma Acquisition