Lafarge has signed binding agreements for the sale of six aggregates quarries in Georgia, USA, for a total enterprise value of $160 million. These assets represent less than 1% of the group sales in North America in 2011, and are subject to relevant approvals. With these divestments in a region where Lafarge is present only through its aggregates operations, the group says itpursues its strategy of focusing on most promising geographic areas where it has integrated positions. Lafarge says the US market re
Lafarge has signed binding agreements for the sale of six aggregates quarries in Georgia, USA, for a total enterprise value of $160 million.
These assets represent less than 1% of the group sales in North America in 2011, and are subject to relevant approvals.
With these divestments in a region where Lafarge is present only through its aggregates operations, the group says itpursues its strategy of focusing on most promising geographic areas where it has integrated positions.
Lafarge says 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 nine 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,” says Lafarge.
