Five quarries and related assets sold to Bluegrass Materials for a total enterprise value of US$320 million
LAFARGE have sold five aggregates quarries and related assets in the US state of Maryland, to Bluegrass Materials for a total enterprise value of US$320 million (€235 million).
With these divestments, the Group say it has now largely completed its strategy of refocusing on its core markets in the US.
Today, Lafarge operate a network of integrated positions mainly located in the Great Lakes and Mississippi river regions.
The Group’s US operations consist of nine cement or grinding plants and associated cement terminals, with a combined capacity of 11 million tons, as well as related aggregates and concrete businesses in these markets.
Overall, the North American market represented more than 21% of Lafarge’s 2012 sales.
The Maryland transaction is subject to relevant regulatory approvals.