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Article: Ready Mix Ready to Change Course.(News)
- Article from:
- Mergers & Acquisitions Report
- Article date:
- June 22, 2009
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Byline: Jonathan Marino
Ready Mix, the listed concrete company, is considering a sale, and has hired Lincoln International as its advisor to help weigh strategy.
The concrete company is looking for a buyer as the pace of the housing market, a primary outlet for its product, has slowed to a crawl.
The M&A scene surrounding the housing market has been equally slow, outside of Pulte Homes $3.1 billion all-stock purchase of smaller competitor Centex Corp., the industry has seen little M&A at a time when uncertainty has prevailed concerning when any sustained rebound can be identified.
The company said the move was "in response to recent ...