Lafarge sells gypsum operations for $735M

June 25, 2013
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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