Lafarge has continued its sale of non-core assets with announcement of the disposal of concrete and cement operations in the south east of the US.
Lafarge has continued its sale of non-core assets with announcement of the disposal of concrete and cement operations in the south east of the US. Under the US$740million deal, the company has sold the operations to Columbia-based conglomerate Cementos Argos.
Cement assets sold include cement plants in South Carolina and Alabama and a grinding facility in Atlanta. Lafarge’s ready mixed concrete business in these regions has also been sold.
Lafarge CEO Bruno Lafont has said that while North America remains a key market for the company, the sale creates value for shareholders while maintaining a strong network in the US for future growth.
