Lafarge sells its gypsum activities in North America

Lafarge has sold  gypsum activities of its North American subsidiary to an affiliate of Lone Star Funds. According to a press release the sale price was US$ 700 million (€ 533 million).

Lafarge North America produces via a network of gypsum plants in the U.S. and Canada plasterboard and jointing material. In 2012 these activities generated a turnover of US$ 310 million. These areas were ­accounted in the consolidated financial statements since 2011 as assets held for sale. The sale is part of the group’s new strategy introduced in early 2012 to concentrate on its core businesses of cement, concrete and aggregates.

www.lafarge.com

x

Related articles:

Issue 2013-02

Lafarge sells aggregates assets in USA 

Lafarge announces it has signed binding agreements for the sale of 6 aggregates quarries in Georgia (USA) for a total enter­prise value of 160 million US$ (123?Million?€). These assets represent...

more
Issue 2021-4 HEIDELBERGCEMENT AG

HeidelbergCement sells its U.S. West region business for US$ 2.3 billion

As part of its portfolio optimization and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities in the U.S. West region...

more
Issue 2011-09

Divestment of gypsum business

Lafarge agreed with Boral to sell them its stake in their Asian Gypsum joint venture LBGA (Lafarge Boral Gypsum Asia) for 429 million € (representing the enterprise value of Lafarge‘s 50%-stake in...

more
Issue 2012-01

Addressing the future challenges of tomorrow’s global construction sector

With the acquisition of the European (Figs. 1 and 2) and Latin American activities of Lafarge Gypsum a major strategic step for the Etex Group has been realized that confirms its strong commitment to...

more
Issue 2013-09

Lafarge sells its cement operations in Honduras

Lafarge announces the sale of its cement operations in Honduras to Cementos Argos for a value of € 232 million (total enterprise value € 435 million). This enterprise value represents a 2012...

more