Lafarge Sells Aggregates Assets in Georgia (USA) for a Total Enterprise
Value of $160 M
PARIS -- January 10, 2013
Regulatory News :
Lafarge (Paris:LG) announces it has signed binding agreements for the sale of
6 aggregates quarries in Georgia (USA) for a total enterprise value of $160 M.
These assets represent less than 1% of our sales in North America in 2011.
These transactions are subject to relevant approvals.
With these divestments in a region where Lafarge is present only through its
aggregates operations, the Group pursues its strategy of focusing on most
promising geographic areas where we have integrated positions.
The US market remains a priority for the Group where it intends to accelerate
the development of its innovative products and services. Our US operations
consist of 9 cement or grinding plants and associated cement terminals, with a
combined capacity of 11 million tons, in particular in the Great Lakes and
Mississippi River regions, as well as related aggregates and concrete
businesses in these markets.
NOTES TO EDITORS
Located in 64 countries with 68,000 employees, Lafarge is a world leader in
building materials, with top-ranking positions in its Cement, Aggregates &
Concrete businesses. In 2011, Lafarge posted sales of 15.3billion euros.
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. With the world’s leading building materials
research facility, Lafarge places innovation at the heart of its priorities,
working for sustainable construction and architectural creativity.
Additional information is available on the Website at www.lafarge.com
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