PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


Ready Mix Sells Concrete Business

Wednesday, February 3, 2010

Comment | More

Ready Mix Inc. will sell substantially all the assets of its ready-mix concrete business to Skanon for $9.75 million.

Under the agreement, announced Jan. 29, Skanon also will assume some of RMI’s liabilities. RMI will retain certain assets, including its office building, as well as certain liabilities.

Ready Mix’s board of directors unanimously approved the Purchase Agreement and the transactions contemplated thereby. Meadow Valley Parent Corp., the beneficial holder of about 69% of the outstanding shares of common stock of RMI, has agreed to vote in favor of the Asset Purchase Agreement.

"RMI's Board of Directors believes that this asset sale is a vital step to preserve and maximize value for our shareholders given the Company's current financial condition and the state of the industry. We will evaluate additional strategic options for the company once this transaction closes, including effecting a special dividend," said Chief Executive Officer Bradley Larson.

The transaction is expected to close by April 30.

RMI has provided ready-mix concrete products to the construction industry since 1997.

   

Tagged categories: Concrete; Ready Mix

Comment Join the Conversation:

Sign in to our community to add your comments.

LS Industries
LS Blasters: Optimum Steel Cleaning Efficiency

Simplify surface prep with the precise shot control of LS Blasters. Our blast technology delivers optimum coverage and finish. 800-533-8008


Corrosion Probe, Inc.
From Detection to Correction

Corrosion Probe, Inc. has the Most Concrete Coatings Experience and Expertise. Contact us today at
860-767-4402, www.cpiengineering.com


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


NLB Corporation
Water jet surface prep, high or low

See how quickly HydroPrep® tools do surface prep, with no containment needed. Choose automated Crawler for overhead, Vortex™ for floors, or handheld VertaJet™.


SAFE Systems, Inc.
Custom blast rooms
by SAFE Systems

Don't waste time and money "making do" with a "standard" design. Let us work with you to design and build the
system that best fits
your requirements.
Call 1-800-634-7278


SSPC: The Society for Protective Coatings
http://www.sspc.org/

Join SSPC and Enhance
Your Career !


Thermion Inc
Buy Back Program

We are offering $5,000
credit for your old Model
This drive system is
being discontinued by
the manufacturer.
More information at
thermioninc.com
877.884.3428


Elcometer, Inc.
Elcometer 106 Pull-Off Adhesion Tester

Portable, easy to operate; Provides numerical value for adhesion; Comes in carrying case - Ideal for site tests; No power supply necessary.


HoldTight Solutions Inc.
NO FLASH RUST -
NO CONTAMINANTS

Our HoldTight®102 salt remover & flash rush inhibitor prevents flash rust by removing surface contaminants.
Contact us for your nearest distributor. (800) 319.8802 sales@holdtight.com

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com