According to Bloomberg, Belgium-based Etex Group, may acquire Lafarge’s gypsum business for approximately EUR1000m.
Lafarge’s gypsum arm, which employs almost 8000 people in 30 countries, reported sales of EUR1440m 2010.
In China, South Korea, Malaysia, Thailand, Indonesia, Vietnam and India, Lafarge’s gypsum activities are in a joint venture with Australia’s Boral, Ltd. Lafarge also jointly controls gypsum operations with Etex Group in some Latin American countries.
Reportedly, private equity firms including TPG Capital, Carlyle Group, PAI Partners, Bain Capital, LLC, Cinven, Ltd. and Advent International Corporation are also in race to bid for the gypsum business. Allen & Overy LLP is acting as legal advisor to Etex Group reportedly.