Lafarge To Acquire Hupfer Holding, an Aggregates and Ready-Mix Producer in France and in Switzerland

03.25.2004
 

Euronext : LG, NYSE : LR

Lafarge has signed an agreement with the Haniel Group for the acquisition of Hupfer Holding, a major aggregates and ready-mix concrete producer in the East and the Center of France and in the area of Zurich in Switzerland. The enterprise value amounts to €92 million including a debt of €23.5 million.

The purchased assets include 9 quarries with an annual capacity of 4.7 million tonnes of aggregates and 7 ready-mix plants (approximately 0.3 million cubic meters).

This agreement is subject to approval by competition authorities.

 

“This acquisition provides synergies with our existing operations, and also a platform for further growth in new attractive and profitable regions in France. It is consistent with Lafarge's long-term business strategy”, said Bernard Kasriel, CEO of Lafarge.

 

The acquired assets will be integrated with the operations of Lafarge Granulats France.

Lafarge, the world leader in building materials, holds top-ranking positions in all four of its Divisions: Cement, Aggregates & Concrete, Roofing and Gypsum. Lafarge employs 75,000 people in 75 countries and posted sales of €13.6 billion and operating income of €1.9 billion in 2003.

The Aggregates & Concrete Division of Lafarge, n°2 world-wide, is present in 22 countries. It operates 655 aggregates quarries and 1,073 ready-mix plants. In 2003, sales totaled 4,465 million euros and there were 20,547 employees. The Division sells Aggregates, ready-mix concrete, prefabricated concrete and asphalt and paving for engineering structures, roads and buildings.

Contacts
Press contacts Investor relations
Stéphanie Tessier
Tél : 33-1 44-34-92-32
stephanie.tessier@lafarge.com
James Palmer
Tél : 33-1 44-34-11-26
james.palmer@lafarge.com
Amanda Jones
Tél : 33-1 44-34-19-47
amanda.jones@lafarge.com
Danièle Daouphars
Tél : 33-1 44-34-11-51
daniele.daouphars@lafarge.com

Statements made in this press release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions ("Factors"), which are difficult to predict. Some of the Factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the cyclical nature of the Company's business; national and regional economic conditions in the countries in which the Group does business; currency fluctuations; seasonal nature of the Company's operations; levels of construction spending in major markets; supply/demand structure of the industry; competition from new or existing competitors; unfavorable weather conditions during peak construction periods; changes in and implementation of environmental and other governmental regulations; our ability to successfully identify, complete and efficiently integrate acquisitions; our ability to successfully penetrate new markets; and other Factors disclosed in the Company's public filings with the French Autorité des Marchés Financiers and the US Securities and Exchange Commission including its Reference Document number D03-0375 as updated on June 5, 2003 and November 17, 2003 and annual report on Form 20-F. In general, the Company is subject to the risks and uncertainties of the construction industry and of doing business throughout the world. The forward-looking statements are made as of this date and the Company undertakes no obligation to update them, whether as a result of new information, future events or otherwise.

 

The press release (pdf, 99.22 KB)