Lafarge’s $320 million sale of Maryland aggregates assets

Lafarge has sold five aggregates quarries and related assets in Maryland, USA, to Bluegrass Materials for a total enterprise value of $320 million (equivalent to €235 million). With these divestments, the group has now largely completed its strategy of refocusing on its core markets in the United States. Lafarge today operates a strong network of integrated positions mainly located in the Great Lakes and Mississippi River regions. Its US operations consist of nine cement or grinding plants and associ
January 15, 2014

725 Lafarge has sold five aggregates quarries and related assets in Maryland, USA, to 1815 Bluegrass Materials for a total enterprise value of $320 million (equivalent to €235 million).

With these divestments, the group has now largely completed its strategy of refocusing on its core markets in the United States. Lafarge today operates a strong network of integrated positions mainly located in the Great Lakes and Mississippi River regions.

Its US operations consist of nine cement or grinding plants and associated cement terminals, with a combined capacity of 11 million tonnes, as well as related aggregates and concrete businesses in these markets. Overall, the North American market represented over 21% of its 2012 sales.

The transaction is subject to relevant regulatory approvals.

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