RMX HOLDINGS, INC.

RMX HOLDINGS, INC.

Previous company name
READY MIX, INC.
Name change date
4/5/2010
Company Overview
Ready Mix, Inc. is primarily engaged in the manufacture and supply of construction materials. The company provides ready mix concrete, sand and gravel products to a variety of customers, including but not limited to, contractors, subcontractors, individuals and owners of both private and public construction projects. The company was formed in 1996 by Meadow Valley Corporation. Its headquarters is located in Las Vegas, Nevada.
The company has operations in the Las Vegas, Nevada and Phoenix, Arizona metropolitan areas. Its operations consist of seven permanent ready mix concrete batch plants, three sand and gravel crushing and screening facilities and a fleet of approximately 180 ready mix concrete trucks and other assorted support vehicles for transporting cement powder, sand and gravel, as well as maintenance and service vehicles. The company produces rock and sand for its Las Vegas area ready-mix plants from two separate production facilities.
The company’s products include ready mix concrete (commercial, residential, public works and infrastructure, street and highway construction and paving); masonry grout; shotcrete; controlled low strength materials; and aggregate products (aggregate base course – ABC, course aggregates, fine aggregates, decorative rock).
Prior to the completion of its public offering in August of 2005, the company has been funded, owned and controlled by Meadow Valley Corporation, which is engaged in the construction industry as both a contractor and a supplier of construction materials.
Business Summary
RMX Holdings Inc., formerly Ready Mix, Inc., is engaged in the construction industry as a supplier of construction materials. The Company provides ready-mix concrete, sand and gravel products to a variety of customers, including but not limited to, contractors, subcontractors, individuals and owners of both private and public construction projects. It has operations in the Las Vegas, Nevada and Phoenix, Arizona metropolitan areas. Its operations consist of five permanent ready-mix concrete batch plants and two portable facilities, two sand and gravel crushing and screening facilities, and a fleet of approximately 125 ready-mix concrete trucks and other assorted support vehicles for transporting cement powder, fly ash, sand and gravel, as well as maintenance and service vehicles.
Description and history
RMX Holdings Inc., formerly Ready Mix, Inc., is engaged in the construction industry as a supplier of construction materials. The Company provides ready-mix concrete, sand and gravel products to a variety of customers, including but not limited to, contractors, subcontractors, individuals and owners of both private and public construction projects. It has operations in the Las Vegas, Nevada and Phoenix, Arizona metropolitan areas. Its operations consist of five permanent ready-mix concrete batch plants and two portable facilities, two sand and gravel crushing and screening facilities, and a fleet of approximately 125 ready-mix concrete trucks and other assorted support vehicles for transporting cement powder, fly ash, sand and gravel, as well as maintenance and service vehicles.

The Company produces rock and sand for its Las Vegas area ready-mix plants from two separate production facilities. One quarry, located approximately 50 miles northeast of Las Vegas in Moapa, Nevada, produces approximately 60% of the coarse aggregate requirements of its Nevada concrete batch plants. During the year ended December 31, 2008, its second aggregate production facility located approximately 15 miles north of Las Vegas began to share in the production and supply of sand and gravel needs for its Las Vegas plants. In the Phoenix metropolitan area, all three of its existing ready-mix concrete plants are supplied rock and sand from third parties. In February 2010, RMI sold several pieces of underutilized equipment at auction. It also sold several mixer trucks that were previously leased with leases near expiration.

The Company produces dry batched ready-mix concrete products, which require it to proportion the dry components, add water when the components are in the ready-mix truck and then deliver the product in an unhardened state, which it refers to as a plastic state, for placement into designed forms at the job site. The Company provides a variety of services in connection with its sale of ready-mix concrete, which can help reduce its customers’ in-place cost of concrete. These services include the formulation of new mixtures for specific design uses, onsite and lab-based product quality control and delivery programs configured to meet its customers’ needs.

The Company produces ready-mix concrete by combining the desired type of cement, sand, gravel and crushed stone with water and typically one or more admixtures. These admixtures, such as chemicals, minerals and fibers, determine the usefulness of the product for particular applications. The Company uses various mineral admixtures as supplementary cementing materials to alter the permeability, strength and other properties of concrete. These materials include fly ash, ground granulated blast furnace slag and silica fume. It may also use fibers, such as steel, glass, synthetic and carbon filaments, as an additive in various formulations of concrete. Fibers help to control shrinkage and cracking, thus reducing permeability and improving abrasion resistance. In many applications, fibers replace welded steel wire and reinforcing bars.

The Company’s ready-mix concrete plants consist of five permanent installations and two portable facilities. It produces ready-mix concrete in batches. The batch operator in a dry batch plant simultaneously loads the dry components of stone, sand and cement with water and admixtures in a mixer truck that begins the mixing process during loading and completes that process while driving to the job site. In a wet batch plant, the batch operator blends the dry components and water in a stationary mixer, from which the operator loads the already mixed concrete into the mixer truck, which then leaves for the job site. Mixer trucks slowly rotate their loads en route to job sites in order to maintain product consistency.

The Company obtains most of the materials necessary to manufacture ready-mix concrete at each of its facilities on a daily basis. These raw materials include cement, which is a manufactured product, stone, gravel and sand. The Company leases, on a royalty basis, and operates two sand and gravel production facilities in the Las Vegas, Nevada vicinity, which provide the majority of the rock and sand used in its Las Vegas area concrete plants. The Company targets concrete subcontractors, prime contractors, homebuilders, and commercial and industrial property developers in the Las Vegas, Nevada and Phoenix, Arizona metropolitan areas.

The Company competes with Cemex, Nevada Ready Mix, Silver State Materials, Sierra Ready Mix, Service Rock Products, Arizona Materials, Maricopa Ready Mix, Vulcan Materials, Hanson Materials, Fort McDowell Ready Mix and Rock Solid.

Formed by Meadow Valley Corporation

Business Line
Engaged in the manufacture and supply of construction materials
Subsidiary

Advisor
SEMPLE, MARCHAL & COOPER, LLP
IPO date
8/2005
US SIC Code
3273
Company Address
Suite 100
3430, East Flamingo Road
City province or state postal code
89121, LAS VEGAS, NV
Phone: +1 702 433 2090
Fax:
Country address: UNITED STATES OF AMERICA
Website url: www.readymixinc.com