Lafarge To Acquire Hupfer Holding

Lafarge To Acquire Hupfer Holding
Published: 25 March 2004

Lafarge has signed an agreement with the Haniel Group for the acquisition of Hupfer Holding, a major aggregates and ready-mix concrete producer in the East and the Center of France and in the area of Zurich in Switzerland. The enterprise value amounts to €92 million including a debt of €23.5 million. The purchased assets include nine quarries with an annual capacity of 4.7Mt of aggregates and seven ready-mix plants (approximately 0.3 million cubic meters). This agreement is subject to approval by competition authorities. “This acquisition provides synergies with our existing operations, and also a platform for further growth in new attractive and profitable regions in France. It is consistent with Lafarge’s long-term business strategy”, said Bernard Kasriel, CEO of Lafarge. The acquired assets will be integrated with the operations of Lafarge Granulats France. The Aggregates & Concrete Division of Lafarge, worldwide, is present in 22 countries. It operates 655 aggregates quarries and 1073 ready-mix plants.