UBM Grows into Mexico with Expo CIHAC Acquisition
May 11, 2014
Several other trade show organizers already had staked a claim in the fast-growing trade show market in Mexico, and now UBM also has made a major move into the country with the buy of the construction event Expo CIHAC.
UBM bought Expo CIHAC Centro from Impulsor de la Construcción y Habitación A.C. (CIHAC), the Mexican construction industry trade association, which has agreed to continue to support the event.
"We are delighted to have Expo CIHAC as UBM's first tradeshow acquisition in
Mexico,” said Jamie Salazar, managing director, UBM Mexico. “Expo CIHAC builds on UBM's established strategy of acquiring strong events which serve structurally growing markets and communities. We look forward to welcoming the Expo CIHAC team to UBM, and to continuing our close, positive co-operation with the CIHAC association."
Expo CIHAC was launched in 1989 and now is among Mexico's 10 largest tradeshows and the largest serving the infrastructure, construction and housing markets.
The show is held annually in Mexico City at Centro Banamex Ciudad and its exhibitors span the industry including construction materials, machinery, equipment, hand and power tools, prefabricated building systems and technologies, financial services, real estate, insulation and piping.
Expo CIHAC also hosts approximately 30 collocated conference and technical seminars on topical issues.
Last year's 25th edition drew 30,000 attendees and more than 500 exhibitors, generating revenues of approximately $6.8 million.
Eleven of the business's existing employees will transfer to UBM.
The Mexican construction industry is seeing significant investment driven by growth in the Mexican economy, demand for housing and government infrastructure funding programs.
The Mexican construction industry also is looking to adopt more sustainable construction practices and technologies already in use in Europe, Canada and the U.S., according to UBM officials.
Expo CIHAC fits into UBM’s Built Environment portfolio that includes Negocios Nos Trilhos, the Concrete Show Brasil (whose Mexican edition launches this May) and Ecobuild with an Expo CIHAC/Ecobuild collaboration announced earlier this year.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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