LAFARGE, world leader in construction materials, announces the sale of REDLAND STONE PRODUCTS COMPANY to MARTIN MARIETTA MATERIALS, INC. for an amount of $ 272 million.
REDLAND STONE PRODUCTS COMPANY is the leading producer of aggregates and asphaltic concrete in the state of Texas.
With the completion of this major transaction, LAFARGE is well on the way to achieving its objective of a FF 4 billion divestment program over the 1998-1999 period. Following the integration of REDLAND, LAFARGE decided it would divest certain business operation. This transaction should bring total divestments to approximately FF 3 billion for 1998.
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