The Trident Cement Plant in Three Forks, Montana
Greystone Advises GCC on the Acquisition of the Trident Cement Plant from CRH
SAN DIEGO (June 22, 2018) – The Greystone Group, a leading M&A advisory firm to the cement and construction materials industry, announced today that it served as financial advisor to Grupo Cementos de Chihuahua, S.A.B. de C.V. (“GCC”) in its acquisition of the Trident cement plant in Three Forks, Montana from CRH Americas, Inc. (“CRH”).
“It has been a privilege to work alongside Enrique Escalante and the entire GCC development team” said Tim Oitzman, President of Greystone. “The Trident acquisition came about as a result of CRH’s acquisition of Ash Grove” said Oitzman.
“Greystone has been part of our M&A advisory team for over 20 years. They have helped us find creative solutions at a time when many companies are competing for deals in the cement and construction materials industry” said Enrique Escalante, CEO of GCC.
GCC is a leading supplier of cement, aggregates, concrete and construction-related services in the U.S. and Mexico. Including this acquisition, GCC will have eight cement plants 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. Founded in 1941, the Company’s shares trade on the Mexican Stock Exchange under the ticker symbol GCC.
Founded in 1996, Greystone is considered a leading M&A advisor to the construction materials industry, having managed over 60 industry related transactions. Our focus on the construction materials industry allows us to provide unique and valuable insight to both our sell-side and buy-side clients. Since inception in 1996, we have developed unparalleled industry relationships and strong market knowledge which helps our clients achieve optimal results in their M&A transactions.