Lafarge sells North American Gypsum assets

By Helen Wright27 June 2013

Cement producer Lafarge has continued to shed North American assets with the sale of US$ 700 million worth of Gypsum plants to an affiliate of private equity company Lone Star Funds.

Lafarge North America's Gypsum division manufactures gypsum wallboards and joint compounds throughout a network of plants in the US and Canada. In 2012, these operations generated sales of US$ 310 million.

Lafarge said its latest round of asset sales completed the group focus on its core businesses – cement, aggregates and ready-mixed concrete.

The news comes after Lafarge sold of several cement plants, ready-mixed concrete businesses and aggregates facilities in Missouri and Oklahoma, US to Eagle Materials Inc in September last year for US$ 446 million.

And in May this year, Baring Private Equity Asia bought a 14% minority stake in Lafarge India for US$ 257 million.

Latest News
LGMG restructures N.A. operations
LGMG to relocate N.A. headquarters, build $140 million manufacturing facility in Mexico for access equipment 
New Effer loader cranes
Three new Effer cranes broaden the heavy crane range and offer advantages for end users
New Ferrari loader cranes
F.lli Ferrari adds to hydraulic loader crane range with new 6000 series models