Lafarge Corporation, North America's largest diversified supplier of construction materials, has completed a previously announced agreement with Warren Paving & Materials Group Ltd, after receiving necessary approvals from the Competition Bureau of Canada. This agreement permits to merge KVN's subsidiary, the Warren Paving & Materials Group Ltd, with Lafarge's aggregates, asphalt and paving operations in Canada. Warren is a large supplier of construction aggregates, asphalt and paving services in Canada.
As part of the agreement reached with the Bureau, Lafarge will divest certain assets in Edmonton, Alberta and the Fraser Valley of British Columbia.
The transaction, valued at approximately CDN$425 million (300 million euros) brings Lafarge Corporation nearly 80 sites in the provinces of British Columbia, Alberta, Saskatchewan, Ontario and Quebec. Lafarge becomes one of the largest aggregates suppliers in North America, with over 90 million tons of production a year.
In 1999, North America share of Lafarge sales rose to 2.7 billion euros, which is 26 % of total Group sales. World leader in construction materials, Lafarge employs 71,000 people throughout 70 countries and generated total sales of 10.5 billion euros in 1999.
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