Lafarge Braas Roofing, the roofing division of the LAFARGE Group and the world leader in roofing materials, has increased its interest in Telhas Tégula Ltda to 90%. In 1997, Lafarge acquired 45% of Telhas Tégula Ltda following the integration of Redland.
Telhas Tégula Ltda is Brazil's largest manufacturer of concrete tiles. It is based in Atibaia, 70 kilometers northwest of São Paolo, and reported 1998 sales of 14 million real (around 65 million French francs or 10 million euros). The company's tile plant has 140 employees.
"The increase in our interest to 90% will allow Lafarge to strengthen its position as the leading concrete tile manufacturer in Latin America's largest market", commented Didier Riou, Chief Executive Officer for Asia and the Americas at Lafarge Braas Roofing.
Lafarge already operates in Brazil through its four other core businesses: Cement, Aggregates and Concrete, Gypsum and Specialty Products. Together, these businesses have nearly 3,000 employees in Brazil.
Coming after the recent acquisitions of Coverland Roof Tiles in South Africa and Hume Redland Industries in Malaysia, this transaction further demonstrates Lafarge Braas Roofing's development strategy in emerging markets. The three acquisitions represent an aggregate investment of nearly 300 million francs, or 45 million euros.
World leader in construction materials, Lafarge employs 65,000 people in 65 countries and generates annual sales of 65 billion francs (10 billion euros).