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HBMA Holdings acquires initial 8.1% stake in U.S. Concrete
By Lisa Kerner
Charlotte, N.C., June 6 - HBMA Holdings, Inc. bought 3,233,451 shares of U.S. Concrete, Inc. prior to March 29 and through June 4 on the open market at an average price per share of $4.48.
The investor has an initial 8.1% initial stake in the company, it was reported in a schedule 13D filing with the Securities and Exchange Commission.
Houston-based U.S. Concrete produces and sells ready-mixed concrete, precast concrete products and concrete-related products in select markets in the United States.
HBMA is a corporation controlled by the Merckle family, which through other corporations owns 53.6% of HeidelbergCement AG.
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