Mexico’s largest cement producer — and one of the leading building materials manufacturers globally — hopes that a newly announced acquisition will bolster its position in the U.S. construction market.

Cemex said Thursday that it reached an agreement to buy Omega Products International, a top provider of stucco in the western U.S.

Omega, based in Southern California, operates four production facilities across California, Colorado and Nevada, and serves both residential and commercial construction. Cemex officials said that the company offers “significant synergies” with its existing U.S. business and aligns with its broader growth efforts north of the border.

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