HOUSTON , March 27 /PRNewswire-FirstCall/ -- U.S. Concrete, Inc.(Nasdaq: RMIX) today announced the formation of a joint venture with the Edw. C. Levy Co. that will create the largest ready-mixed concrete producer in the state of Michigan. The transaction is expected to close effective April 1 ,pending the satisfaction of customary closing conditions. U.S. Concrete will contribute its ready-mixed concrete and related concrete products assets in Michigan to the joint venture in exchange for a 60 percent ownership interest, while the Edw. C. Levy Co. will contribute all of its ready-mixed concrete and related concrete products assets for a 40 percent ownership interest. The joint venture, which will operate under our trade name Superior Materials, will consist of 28 ready-mixed concrete plants, a 24,000-ton cement terminal and approximately 300 ready-mixed concrete trucks. Combined revenues for the joint venture on a pro forma basis were approximately $109 million for 2006,on ready-mixed concrete volume of approximately 1.4 million cubic yards.

The Edw. C. Levy Co. is one of the largest aggregates producers in Michigan. The joint venture will enter into a long-term aggregates supply agreement with the Edw. C. Levy Co. which will provide the joint venture with high quality aggregates from multiple Levy locations.

S. Evan Weiner , Chief Operating Officer of the Edw. C. Levy Co., stated, "For over 40 years, the Edw. C. Levy Co., as Clawson Concrete and Killins Concrete, has provided quality ready-mix products and services to our customers in southeast Michigan. Our people have delivered outstanding results for the most important building and infrastructure landmarks in our community. Both companies bring significant high quality assets and talented personnel to the joint venture and we expect great things for this company in the future."

Mr. Weiner continued, "We are pleased to combine with U.S. Concrete, one of the premier concrete companies in our region. We expect this platform to further enhance both companies' growth initiatives in the concrete sector."

Michael W. Harlan, U.S. Concrete's Executive Vice President and Chief Operating Officer, stated, "We are excited about joining forces with the Edw. C. Levy Co. and expect that the combined operations will lead to better leveraging of our assets leading to stronger financial results in a challenging operating environment. Integration of the combined operations is expected to occur over the next several months and result in substantial synergies, including operational efficiencies. The Edw. C. Levy Co. is one of the most respected companies in Michigan and we are proud to be working with them in this joint venture."