# GCC acquires US cement assets from Cemex for $306 million

Grupo Cementos de Chihuahua (GCC) completed the acquisition of certain US assets from Cemex for $306 million, including a cement plant in Odessa, Texas, two distribution terminals, and concrete, aggregates, asphalt and building materials businesses in Texas and New Mexico.

- Type: Acquisition
- Announced: 2016-11-18
- Where: Odessa, Texas; Amarillo, Texas; El Paso, Texas; Las Cruces, New Mexico, United States
- Value: $306.0M
- Status: completed
- Products: cement, concrete, aggregates, asphalt, building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cemex](https://endata.com/companies/16140.md) (target)
- [Grupo Cementos de Chihuahua](https://endata.com/companies/20127.md) (acquirer)

## Sources

- [bnamericas.com](https://www.bnamericas.com/en/news/gcc-acquires-us-cement-assets-from-cemex), 2016-11-21: "GCC announces today that it has completed the acquisition of certain assets located in the United States owned by CEMEX for an amount of US$306 million."
- [concreteproducts.com](https://concreteproducts.com/index.php/tag/acquisition/page/19/), 2017-01-03: "GCC has expanded its North Central and Mountain Region market footprint in the U.S., acquiring Cemex’s Odessa cement plant plus Amarillo and El Paso terminals, all Texas."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.