Lafarge sells aggregates assets in Maryland (USA) for a total enterprise value of $320 million
Lafarge announces the sale of 5 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. Our US operations consist of 9 cement or grinding plants and associated cement terminals, with a combined capacity of 11 million tons, as well as related aggregates and concrete businesses in these markets. Overall, the North American market represented over 21 of our 2012 sales.
This transaction is subject to relevant regulatory approvals.
NOTES TO EDITORS
A world leader in building materials, Lafarge employs 65,000 people in 64 countries, and posted sales of €15.8 billion in 2012. As a top-ranking player in its Cement, Aggregates and Concrete businesses, it contributes to the construction of cities around the world, through its innovative solutions providing them with more housing and making them more compact, more durable, more beautiful, and better connected. With the world’s leading building materials research facility, Lafarge places innovation at the heart of its priorities in order to contribute to more sustainable construction and to better serve architectural creativity. Since 2010, the Lafarge Group has been part of the Dow Jones Sustainability World Index, the first global sustainability benchmark in recognition of its sustainable development actions.
The press release (pdf, 173.76 KB)