4.1.2024
Echo Defense Announces High-Revenue Acquisition of CCT, Officially Known as Compañía Constructora de Tijuana S.A. de C.V.
LAS VEGAS, NV / ACCESSWIRE / January 4, 2024 / Echo Defense Projects Inc. ("ECDP"), a leader in sustainable infrastructure innovation and formerly known as Eco Depot Inc., (OTC PINK:ECDP), today announced the acquisition of CCT, a Mexican construction firm established in 2003. This acquisition marks a significant expansion of ECDP's capabilities and reach.
This strategic acquisition is poised to complement ECDP's product offering, particularly benefiting its Eko Pave product line. These products resurface existing concrete and asphalt roads, extending their life span for up to 20 additional years. CCT, known officially as Compañía Constructora de Tijuana S.A. de C.V., showcases a strong financial performance in the construction industry with $62 million USD in revenues from January to October 2023 (Unaudited). Over this period, the company generated a gross profit margin of 46.4% and an EBITDA of $6.9 million USD (Unaudited).
