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Date 01/10/2014

Lafarge Sells Aggregates Assets in Maryland (USA) for a Total Enterprise Value of $320 Million

Chicago, IL

Lafarge North America Inc.

 

Lafarge announces the sale of 5 aggregates quarries and related assets in Maryland (USA) to Bluegrass Materials for a total enterprise value of $320 million (equivalent to €235 million).

 

With these divestments, the Group has now largely completed its strategy of refocusing on its core markets in the United States. Lafarge today operates a strong network of integrated positions mainly located in the Great Lakes and Mississippi River regions. Our US operations consist of 9 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 over 21% of our 2012 sales.

 

This transaction is subject to relevant regulatory approvals.

Contact:

Joëlle Lipski-Rockwood

Director of Communications

United States
Ph: 303.895.0455

joelle.lipski-rockwood@lafarge.com

ADDITIONAL INFORMATION

Lafarge North America Inc. ("Lafarge") has more than 260 industrial and distribution sites and approximately 3,000 employees in 40 States in its U.S. cement, aggregate and concrete businesses. Lafarge U.S. is an operating unit of Lafarge North America Inc. Lafarge is active in local environment, education and sustainable construction partnerships including the Wildlife Habitat Council, the World Wildlife Fund for Nature, Habitat for Humanity, the American Institute of Architectural Students and the National Building Museum.

 

Lafarge S.A., together with its subsidiaries (the "Lafarge Group" or the "Group"), is the world leader in building materials and employs 65,000 people in 64 countries, and posted sales of €15.8 billion in 2012. As a top-ranking player in its Cement, Aggregates and Concrete businesses, the Group contributes to the construction of cities around the world, through its innovative solutions providing them with more housing and making them more compact, more durable, more beautiful, and better connected.  Lafarge North America Inc. and its subsidiaries, including Lafarge Canada Inc., are Lafarge Group companies, and together constitute the largest diversified supplier of construction materials in the United States and Canada. 

With the world's leading building materials research facility, the Lafarge Group places innovation at the heart of its priorities in order to contribute to more sustainable construction and to better serve architectural creativity. Since 2010, the Group has been part of the Dow Jones Sustainability World Index, the first global sustainability benchmark in recognition of its sustainable development actions. More information is available on the Lafarge Group's website: www.lafarge.com

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