Lafarge announces the sale of cement, concrete and aggregates assets in Missouri and Oklahoma to Eagle Materials Inc. for $446M.
The assets sold include cement plants in Kansas City (Missouri), and Tulsa (Oklahoma) having a total cement capacity of 1.6 million tons, along with associated cement terminals. Lafarge is also selling its ready-mix concrete and aggregates operations in Kansas City.
Lafarge is one of the leading suppliers of the US market where it intends to pursue and accelerate the development of its innovative products and services.
After completion of this transaction, subject to regulatory approval, the US operations will consist of 9 cement or grinding plants and associated cement terminals, with a combined capacity of 11 million tons, as well as leading positions in aggregates and concrete.
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.
Eagle Materials Inc. manufactures and distributes Cement, Aggregates, Concrete, Gypsum Wallboard and Recycled Paperboard from 25 facilities across the U.S. The company is headquartered in Dallas, Texas.