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Texas Industries (TXI) announced today that its subsidiary has acquired the ready mix operations of Trinity Industries' (TRN) subsidiary, Transit Mix Concrete and Materials, in a transaction that was completed on April 1.
According to TXI, the acquisition expands its operations by 23 additional facilities and will extend its market reach in Central Texas, from north of San Antonio to Hillsboro, Texas. It also expects that the investment will allow the company to optimize its growing resources in this region, including the expansion of the Hunter Cement plant.
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TXI shares are down 0.22% to $45.40 while TRN shares are up 0.26% to $37.84.
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