Lafarge announces the sale of its cement and
concrete assets in the southeast United States to the Colombia-based
conglomerate Cementos Argos for an enterprise value of 760 MUSD.
The cement assets sold include the Harleyville
cement plant in South Carolina and the Roberta
cement plant in Alabama, a cement grinding
station in Atlanta (Georgia), and associated supporting
cement terminals. Lafarge is also selling its ready-mix concrete units in this
area of the US. The total revenues of these divested businesses were
approximately 240 MUSD in 2010.
After completion of the deal, subject
to the approval of competition authorities, Lafarge's North
America operations will consist of
21 cement and grinding plants with a
combined capacity of 19 million tons, as well as significant positions in our
other product lines.
Chairman and Chief Executive Officer of Lafarge, said: "North America is an essential pillar
for the Group, where we have the ambition to be the undisputed leader in the
building materials industry. This transaction creates value for our
shareholders while maintaining a strong network of operations for future growth
in North America".
Notes to editors
Lafarge is the world leader in building materials, with top-ranking positions in all of
its businesses: Cement, Aggregates & Concrete and Gypsum. With 76,000
employees in 78 countries, Lafarge posted sales of Euros 16.2 billion in 2010.
Lafarge was ranked 6th in the "Carbon
Disclosure Project" and entered the global "Dow Jones Sustainability Index" in 2010 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.
Argos is a producer of cement and ready mix with presence in Colombia, United
States and the Caribbean; Argos posted sales of 1.6 billion dollars in 2010. In the cement
business, Argos is the fifth largest cement producer in Latin America; it has
nine cement plants, five cement grinder units, and five cement receiving and
packaging terminals, with a total combined installed capacity of 12.8 million
metric tons of cement per year. In the ready mix business, Argos is the fifth
largest ready mix producer in the U.S.; it has 220 ready mix plants, with a
total combined installed capacity of 10.5 million cubic meters of ready mix per
year. Argos' business model is based on customer orientation and sustainable
development. Additional information is available on the web site at www.argos.com.co