Carmeuse and Lafarge finalize agreements in North America

18 February 1999

Carmeuse, a leading world producer of lime, industrial limestone and dolomite, and Lafarge, the world leader in construction materials, have finalized their joint venture agreements concerning their North American lime operations.

The agreements integrate the recently-acquired Dravo Corporation, thus making the combined organization the leader in its market.

The joint venture company, which is 60% owned by Carmeuse and 40% by Lafarge, will be active in all lime-related end-markets in the United States and Canada. With 16 plants employing nearly 1,400 people, it will have production capacity of more than eight million tons of lime per year and generate roughly USD 400 million in annual sales.

In addition to synergies created by combining the two partners' operations, the alliance symbolizes Carmeuse and Lafarge's shared commitment to expanding in the North American lime market.

Founded in 1860, Belgium-based Carmeuse has annual sales of BEF 30 billion (more than FRF 4.5 billion or USD 750 million) in lime, limestone and dolomite. The company employs more than 3,200 people in approximately 60 plants in Europe and North America, including Mexico, and is pursuing an ambitious international growth strategy in its markets.

Active in 65 countries, Lafarge employs nearly 65,000 people generating sales of nearly FRF 65 billion francs (nearly EUR 10 billion ; USD 11 billion). It is the world's largest manufacturer of construction materials, with top-ranking positions in all of its divisions: Cement, Aggregates & Concrete, Roofing, Gypsum and Specialty Products.

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