Lafarge Sells Its Gypsum Operations in North America for a Total Enterprise
Value of $700 Million
PARIS -- June 24, 2013
Lafarge (Paris:LG) announces the sale of its subsidiary’s North American
Gypsum assets at an enterprise value of 700 million US dollars (533 million
euros) to an affiliate of Lone Star Funds.
Lafarge North America’s Gypsum division manufactures gypsum wallboards and
joint compounds throughout a network of plants in the United States and
Canada. In 2012, these operations generated sales of 310 million US dollars.
As a reminder, these operations were classified as assets held for sale in the
Lafarge’s consolidated balance sheet since 2011.
This operation completes the group focus on its core businesses: Cement,
Aggregates and Ready-mix Concrete. Lafarge maintains notably a 20%
participation in the JV created with Etex which combined the assets of both
groups in Europe and South America.
This transaction, which is expected to close very soon, is subject to the
satisfaction of customary closing conditions.
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. More information is available on Lafarge's website: www.lafarge.com
Christel des Royeries, +33 (0)1 44 34 19 47
Mélanie Coviaux, +33 (0)1 44 34 18 18
Caroline Winkler, +33 (0)1 44 34 11 70
Stéphanie Billet, +33 (0)1 44 34 93 71
Michael Bennett, +33 (0)1 44 34 11 51
Laurence Le Gouguec, +33 (0)1 44 34 94 59
Press spacebar to pause and continue. Press esc to stop.