Rough economic times have taken their toll on one of the country’s largest construction industry suppliers, U.S. Concrete. The company is listed as having assets worth approximately $389 million and debt of just under $400 million.
At the end of last year the concrete giant filed chapter 11 bankruptcy. The reorganization plan they have solidified will reportedly cut their debt by nearly $272 million, allowing the company to operate and pay off all secured creditors. (Bloomberg)
Las Vegas is no stranger to the economic hardships bestowed upon this country over the past few years. We have watched tourism plummet, gambling revenues drop to frighteningly low numbers, and construction projects stopped in the middle of the day. As hard as this has been to endure, companies like J and J Asphalt have not only endured, but have continued to expand and thrive by taking on new projects and delivering on their promise of excellence, quality, and punctuality. J and J Asphalt has been a Las Vegas concrete provider since 1977 and continues to help drive our local economy today.
|
