GCC, S.A.B. de C.V. (BMV:GCC *) is looking for M&A. Maik Strecker Chief Financial Officer said during the Second Quarter 2023 Earnings Results Conference Call,"In terms of capital allocation and inorganic growth, we are optimistic with the opportunities ahead, and we continue to actively pursue value-creating initiatives through acquisitions of cement assets in the U.S. that could be plugged into our network and are aligned with our long-term strategic vision".
GCC SAB de CV, formerly known as Grupo Cementos de Chihuahua SAB de CV, is a Mexico-based company primarily engaged in the construction materials sector. The Company foocuses on the production and marketing of cement and other related building materials. The Companyâs product portfolio includes Portland grey cements, ready-mixed concrete, gypsum, additives and limestone aggregates, as well as such prefabricated products as walls, architectural concrete blocks and paving stones, among others. The Company also offers technical support and assistance for the installation of its prefabricated structures. The Company operates in Mexico and the United States, through such subsidiaries as GCC Comercial SA de CV, GCC Concreto SA de CV, GCC Rio Grande Inc, GCC Dacotah Inc, GCC Alliance Concrete Inc, Mid Continent Concrete Inc and Consolidated Ready Mix Inc.