June 26, 2013 – Lafarge sold
its subsidiary's North American Gypsum assets at an enterprise value of nearly $735
million to an affiliate of Lone Star Funds.
Lafarge North America's
Gypsum division manufactures gypsum wallboards and joint compounds throughout a
network of plants in the U.S. and Canada.
In 2012, these operations
generated sales of nearly $325 million and were
classified as assets held for sale in the Lafarge's consolidated balance sheet
since 2011.
This operation completes the
group focus on its core businesses: Cement, Aggregates and Ready-mix Concrete.
Lafarge maintains notably a 20 per cent participation in the JV created with
Etex, which combined the assets of both groups in Europe and South America.
The transaction, expected to
close very soon, is subject to the satisfaction of customary closing
conditions.
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