GCC buys Four US concrete companies

GCC buys Four US concrete companies
Published: 06 January 2006

Grupo Cementos de Chihuahua (GCC) has bought four ready-mix concrete companies in the USA for an undisclosed sum, GCC said on January 5, 2006.  GCC bought Consolidated Ready Mix, Henrich and Sons, Huron Steel Structures and B&B Concrete, which annually generate $30m in sales. The four companies have 14 ready-mix plants and a fleet of 100 trucks.
 
The purchase deal consolidated GCC’s leadership position on the cement market in South Dakota and nearby regions, northern USA. Thus the company will take advantage of the growing concrete demand.  Under the purchase deal the four US companies will operate under the name Consolidated Ready Mix, which will be a 100 per cent subsidiary of GCC.