Lafarge has signed an agreement to acquire the plasterboard businesses of Gyproc in Germany, Poland and Central Europe from the British building materials company BPB. This transaction amounts to €53 million in cash on a debt-free basis. Gyproc generates annual sales of €48 million and employs a total of 260 people in these countries.
This acquisition will position Lafarge as a strong player in Germany and reinforce its front-ranking position in Poland. With the integration of Gyproc's two German plants (Peitz and Steinsfeld), Lafarge Gypsum will double its position on the plasterboard market in Germany and will generate synergies. It will also strengthen the range of products and services available to customers.
The conclusion of this agreement is subject to approval by the relevant competition authorities.
Lafarge Gypsum, the Gypsum Division of the Lafarge Group, runs more than 75 production facilities in 23 different countries and employs a total of 6,000 people. World leader in building materials, Lafarge has 83,000 employees in 75 countries. Lafarge holds top-ranking positions in all four of its Divisions : Cement, Aggregates & Concrete, Roofing and Gypsum. In 2001, the Group recorded sales of €13,7 billion.
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; seasonality 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 Reference Document filed with the French COB under the reference number D02-162 and updated under the reference number D02-162/A1, and its annual report on Form 20-F filed with the Securities and Exchange Commission in the USA. 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.