GCC Strengthens U.S. Operations with Texas Aggregates Acquisition

GCC, S.A.B. de C.V., a leading cement and concrete producer, has acquired three aggregate operations in Texas for approximately $100 million. This strategic move, subject to customary post-closing adjustments, adds over 4 million tons of annual production capacity and more than 50 years of high-quality reserves to GCC's holdings. The newly acquired assets bolster GCC’s market presence in Texas’s Amarillo, Midland-Odessa, Dallas-Fort Worth, and San Antonio regions, which are crucial for growth and infrastructure development. Enrique Escalante, GCC’s CEO, emphasized that these acquisitions align with the company’s strategy to expand into critical growth markets and demonstrate GCC’s continued focus on M&A initiatives aimed at generating value. Founded in 1941, GCC is a major supplier of cement, concrete, aggregates, and construction services in the U.S. and Mexico, with an annual cement production capacity of 6 million metric tons. The press release also contains forward-looking statements cautioning about potential risks related to market changes, currency fluctuations, and business conditions that might impact the future outcomes.