GCC Buys US Firm

Mexican cement producer Grupo Cementos Chihuahua (GCC) has bought US firm Mid-Continent Concrete for $271 million. The acquisition of the Oklahoma-based company will be financed by debt. In September last year GCC bought a 46.57% stake in Bolivian company Sociedad Boliviana de Cementos (SOBOCE) in a deal worth $58.2 million.