Lafarge has sold five aggregates quarries and related assets in Maryland, USA, to Bluegrass Materials for a total enterprise value of $320 million (equivalent to €235 million).
With these divestments, the group has now largely completed its strategy of refocusing on its core markets in the United States. Lafarge today operates a strong network of integrated positions mainly located in the Great Lakes and Mississippi River regions.
Its US operations consist of nine cement or grinding plants and associ
January 15, 2014
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725 Lafarge has sold five aggregates quarries and related assets in Maryland, USA, to 1815 Bluegrass Materials for a total enterprise value of $320 million (equivalent to €235 million).
With these divestments, the group has now largely completed its strategy of refocusing on its core markets in the United States. Lafarge today operates a strong network of integrated positions mainly located in the Great Lakes and Mississippi River regions.
Its US operations consist of nine cement or grinding plants and associated cement terminals, with a combined capacity of 11 million tonnes, as well as related aggregates and concrete businesses in these markets. Overall, the North American market represented over 21% of its 2012 sales.
The transaction is subject to relevant regulatory approvals.
