Grupo Cementos de Chihuahua (GCC) has received regulatory approval to purchase the Three Forks cement plant in Montana from CRH. CRH will acquire ready-mixed concrete operations and transportation assets in Oklahoma and Arkansas as part of the deal.
The Three Forks plant has a production capacity of 0.315 million tpy. It will be GCC’s eighth cement plant in the US and Mexico, bringing total production capacity to 5.4 million tpy. That capacity is set to rise to 5.8 million tpy with the commissioning of the Rapid City plant extensions in South Dakota in 2H18.
“GCC has a clear strategy to expand our cement production and distribution network in the central part of North America, going from northern Mexico to Canada,” said Enrique Escalante, GCC’s CEO. “The cement plant in Three Forks, Montana will integrate with GCC’s current production and distribution facilities, strengthen our presence in existing markets, and expand our footprint into contiguous areas, including Canada.”
The sale of the Three Forks plant forms part of a settlement with the Federal Trade Commission (FTC) that forms part of the regulatory approval for CRH’s US$3.5 billion acquisition of Ash Grove Cement. The settlement also includes the sale of some sand and gravel sites in Nebraska to Martin Marietta Materials, as well as the sale of quarries and asphalt pants near Kansas City to Summit Materials.
Read the article online at: https://www.worldcement.com/the-americas/25062018/gcc-to-acquire-three-forks-cement-plant/