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GCC and CRH Have Received Regulatory Approval for Purchase-Sale Transactions for Certain U.S. Cement and Ready-Mix Operations

GCC and CRH Have Received Regulatory Approval for Purchase-Sale Transactions for Certain U.S. Cement and Ready-Mix Operations
June 14, 2018 18:00 ET | Source: Grupo Cementos de Chihuahua, S.A.B. de C.V.

- GCC will acquire the Trident cement plant in Three Forks, Montana from CRH

- CRH will acquire ready-mix concrete and trucking assets in Oklahoma and Arkansas from GCC

CHIHUAHUA, Mexico, June 14, 2018 (GLOBE NEWSWIRE) -- Grupo Cementos de Chihuahua, S.A.B. de C.V., or GCC, (BMV:GCC*) announces that it has received regulatory approval for two separate transactions.  GCC will acquire the Trident cement plant in Three Forks, Montana from CRH. Concurrently, CRH will acquire ready-mix concrete operations and transportation assets in Oklahoma and Arkansas from GCC.

The Three Forks cement plant has a production capacity of 315,000 metric tons.  Including this acquisition, GCC will have eight cement plants in the U.S. and Mexico, with a total production capacity of 5.4 million metric tons; capacity will reach 5.8 million metric tons with the commissioning of the Rapid City, South Dakota expansion during the second half of 2018.

CRH will acquire most of the ready-mix plants and transportation assets belonging to GCC in Oklahoma and northwest Arkansas.

GCC will continue to own and operate four ready-mix plants in the Fort Smith, Arkansas area, and own the main plant site and office building in Tulsa, Oklahoma, which it will lease to CRH... FULL ARTICLE

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