GCC (Grupo Cementos de Chihuahua) a manufacturer and distributor of cement, ready-mixed concrete and innovative solutions for the construction industries in Mexico and the U.S., has acquired several CEMEX operations. This acquisition includes one cement plant located in Odessa, Texas, two cement terminals located in El Paso and Amarillo, Texas, and one construction materials business in El Paso, Texas, and Las Cruces, N.M., which is comprised of eight ready-mix plants, six aggregate plants, five asphalt plants and five distribution centers.
CEMEX reported the cost of the deal was $306 million.
Enrique Escalante, CEO of GCC said, “This acquisition is a significant step forward in our Sustainable Growth strategy. With these assets and the new employees who will join the company, we will strengthen our competitive advantage, increase our portfolio of products and improve our operations by sharing best practices.”
With the addition of these locations, the GCC family will increase to nearly 3,500 employees. No operational closures are planned as a result of this acquisition, and all existing locations will continue with their current product offerings.
Ron Henley, President of GCC of America, shared the company’s vision for this acquisition.
“By acquiring these operations, we greatly expand our reach in the mid-section of the United States, which means more customers will benefit from a broader and richer distribution network and a more nimble, responsive approach to customer service. We work hard to be recognized for our quality products and service, and the account management we provide; we are committed to maintaining that reputation at every location, providing a seamless transition for our customers,” he said.