US: Mexico-based GCC has completed the acquisition of three companies operating in the ready-mix concrete, aggregates and asphalt segments in El Paso, Texas, Reuters has reported. The group says that the acquisitions will incorporate a platform with US$30m in annual sales. Financial details of the deals remain undisclosed.
GCC said "The transaction includes aggregates reserves with an estimated useful life of around 50 years, which supports long-term supply in that market. The transaction expects to generate operational synergies and contribute positively to its cash flow generation starting in 2026."
