Lafarge sells North American Gypsum assets
27 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.
