Lafarge announces it has signed binding agreements for the sale of 6 aggregates quarries in Georgia (USA) for a total enterprise value of $160 M.
These assets represent less than 1% of our sales in North America in 2011.
These transactions are subject to relevant approvals.
With these divestments in a region where Lafarge is present only through its aggregates operations, the Group pursues its strategy of focusing on most promising geographic areas where we have integrated positions.
The US market remains a priority for the Group where it intends to accelerate the development of its innovative products and services. Our US operations consist of 9 cement or grinding plants and associated cement terminals, with a combined capacity of 11 million tons, in particular in the Great Lakes and Mississippi River regions, as well as related aggregates and concrete businesses in these markets.
Notes to editors
Located in 64 countries with 68,000 employees, Lafarge is a world leader in building materials, with top-ranking positions in its Cement, Aggregates & Concrete businesses. In 2011, Lafarge posted sales of 15.3 billion euros.
Since 2010, the Lafarge Group has been part of the Dow Jones Sustainability World Index, the first global sustainability benchmark, 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.