Dear [ ],
I am reaching out with exciting news regarding U.S. Concrete. This morning, we announced an agreement under which U.S. Concrete will be acquired by Vulcan
Materials Company. This combination is a major milestone for U.S. Concrete as we become part of a leading producer of construction aggregates. A copy of the press release we issued can be found on the investor relations section of our website at: investorrelations.us-concrete.com.
At U.S. Concrete, we have been focused on delivering the highest quality products,
services and solutions to our customers construction projects and their businesses, unlocking superior economic value across the entire lifecycle of our products, and improving sustainability for all. We are proud of the progress we have made
and believe combining our company with Vulcan will enable us to take our growth to the next level and be an even better partner to our suppliers and customers. When the transaction is completed, we will be part of an organization with
enhanced scale, geographic reach and financial resources.
If you are not familiar with Vulcan, it is a leading producer of construction aggregates,
headquartered in Birmingham, Alabama, with more than 360 active aggregates facilities and more than 120 facilities that produce asphalt and/or concrete, primarily located in the U.S. Vulcan is a member of the S&P 500 and achieved nearly
$5 billion in revenue in 2020. We are pleased that Vulcan shares a culture that values people, technology, operating disciplines, customer service, safety and the entrepreneurial spirit.
Until the transaction closes, which we expect in the second half of 2021, subject to certain customary closing conditions, we and Vulcan will continue to
operate as separate, independent companies. We will continue to work with you as we always have, guided by our core values, including safety. If you have any questions, please reach out to your usual contact.
We value your partnership and thank you for your continued support.
Sincerely,
Forward-Looking Statement Disclaimer
This communication contains forward-looking statements as that term is defined under the Private Securities Litigation Reform Act of 1995 and other
securities laws, regarding Vulcan and U.S. Concrete, including, but not limited to, statements about the benefits of the proposed transaction between Vulcan and U.S. Concrete, including future financial and operating results, Vulcans or U.S.
Concretes plans, objectives, expectations and intentions and the expected timing of completion of the proposed transaction. You can generally identify forward-looking statements by the use of forward-looking terminology such as
anticipate, believe, continue, could, estimate, expect, explore, evaluate, intend, may, might, plan,
potential, predict, project, seek, should, or will, or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are based on
each of the companies current plans, objectives, estimates, expectations and intentions and inherently involve significant risks and uncertainties, many of which are beyond Vulcans or U.S. Concretes control. Actual results and the
timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties associated with: Vulcans and U.S.
Concretes ability to complete the transaction on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to securing the necessary