Lafarge sell aggregates assets in Maryland

Five quarries and related assets sold to Bluegrass Materials for a total enterprise value of US$320 million

LAFARGE have sold five aggregates quarries and related assets in the US state of Maryland, to Bluegrass Materials for a total enterprise value of US$320 million (€235 million).

With these divestments, the Group say it has now largely completed its strategy of refocusing on its core markets in the US.

Today, Lafarge operate a network of integrated positions mainly located in the Great Lakes and Mississippi river regions.

The Group’s US operations consist of nine 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 more than 21% of Lafarge’s 2012 sales.

The Maryland transaction is subject to relevant regulatory approvals.