Lafarge sells aggregate quarries in Georgia

Lafarge sells aggregate quarries in Georgia
Published: 11 January 2013

Tagged Under: Lafarge Aggregates USA 

Lafarge announces it has signed binding agreements for the sale of six aggregates quarries in Georgia (USA) for a total enterprise value of US$160m.

These assets represent less than one cent of the company's sales in North America in 2011. These transactions are subject to relevant approvals.

"With these divestments in a region where Lafarge is present only through its aggregates operations, the group pursues its strategy of focusing on most promising geographic areas where we have integrated positions," the company said in a statement.

The US market remains a priority for the group where it intends to accelerate the development of its  products and services. Its US operations consist of nine cement or grinding plants and associated cement terminals, with a combined capacity of 11Mt, in particular in the Great Lakes and Mississippi River regions, as well as related aggregates and concrete businesses in these markets.