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Panamera Holdings (OTC: PHCI) has successfully completed the acquisition of AusTex Aggregates, a prominent aggregates company in the Austin, Texas area. This strategic move strengthens PHCI's position in the aggregates sector, complementing its existing operations in metal recycling and environmental services. AusTex Aggregates has a strong track record of supplying aggregate to Fortune 100 companies, the Texas Department of Transportation, and various government agencies.
The merger aligns with Panamera's strategy to vertically integrate within the aggregate space, leveraging synergies across its business segments. This acquisition is expected to drive shareholder equity and enhance the company's market presence. Panamera Holdings, traded on OTC as PHCI, continues to expand its operations across the metals recycling industry, including aluminum buying, selling, and tolling through its subsidiary, Panamera Metals Group.
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