Blue Circle North America assets will continue to be managed by Lafarge North America

2 November 2004
 

Lafarge acknowledges the decision of the Special committee of independent directors of Lafarge North America, endorsed by the Board, not to exercise the option to purchase the U.S. cement and construction materials assets of Blue Circle North America during the exercise period expiring December 31, 2004.

As has been the case since the acquisition by Lafarge of Blue Circle in July 2001, Lafarge North America will continue to manage the assets of Blue Circle North America under a management agreement , which has been renewed for 2005.


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. In 2003, the Group posted sales of €13.6 billion and operating profit on ordinary activities of €1.9 billion.

 
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