Lafarge to sell US assets

Lafarge has continued its sale of non-core assets with announcement of the disposal of concrete and cement operations in the south east of the US.
March 12, 2012 Read time: 1 min

725 Lafarge has continued its sale of non-core assets with announcement of the disposal of concrete and cement operations in the south east of the US. Under the US$740million deal, the company has sold the operations to Columbia-based conglomerate 1603 Cementos Argos.

Cement assets sold include cement plants in South Carolina and Alabama and a grinding facility in Atlanta. Lafarge’s ready mixed concrete business in these regions has also been sold.

Lafarge CEO Bruno Lafont has said that while North America remains a key market for the company, the sale creates value for shareholders while maintaining a strong network in the US for future growth.

For more information on companies in this article

Related Content

May 27, 2015

Holcim and Lafarge finalise agreement with CRH on divestments

Following appropriate information-consultation processes with relevant works councils and employee representatives, Lafarge and Holcim have now entered a binding agreement with CRH regarding the sale of several assets. The new group has also completed the appointments for the future Executive Committee of LafargeHolcim following a recommendation by Eric Olsen, future CEO of the combined group.

April 20, 2012

Breedon eyes Lafarge/Anglo assets

Breedon Aggregates, whose investors include George Soros, can spend £1 billion pounds ($1.6 billion) on assets that may come to the market as Lafarge and Anglo American pursue a tie-up in crushed rock.

boombox1

Highlighted Content

boombox2