Ready Mix Inc. (AMEX: RMX), a Los Vegas-based concrete maker, said that it has retained Lincoln International to evaluate strategic alternatives, including a possible sale of the company. The company’s current market cap is approximately $13.52 million.
READY MIX, INC. (RMI) (NYSE Amex:RMX) today announced that in response to recent interest in the Company’s assets, it has retained Lincoln International LLC to evaluate and advise the Board of Directors regarding strategic alternatives to enhance shareholder value, including the potential sale of the Company.
The Company further stated that there can be no assurance that the review of strategic alternatives will result in the Company pursuing any particular transaction, or, if it pursues any such transaction, that it will be completed. The Company does not expect to make further public comment regarding the review until the Board of Directors has approved a specific transaction or otherwise deems disclosure of significant developments is appropriate.
About Ready Mix, Inc.
Ready Mix, Inc. (RMI) has provided ready-mix concrete products to the construction industry since 1997. RMI currently operates four ready-mix concrete plants in the metropolitan Phoenix, Arizona area, three plants in the metropolitan Las Vegas, Nevada area, and one plant in Moapa, Nevada. RMI also operates two sand and gravel crushing and screening facilities near Las Vegas, Nevada, which provide raw materials for its Las Vegas and Moapa concrete plants.