Holcim and Lafarge propose final US asset disposals

Holcim and Lafarge propose final US asset disposals
17 April 2015

Lafarge and Holcim announce further details on the package of assets they propose to divest in the United States, as part of their planned merger to create LafargeHolcim.

The divestments include:

• Lafarge's 1.1Mta Davenport cement plant (Iowa) and seven terminals along the Mississippi River to be sold to Summit Materials for a total consideration of US$450m in cash plus Summit’s Bettendorf, Iowa cement terminal
• three Holcim terminals in Michigan and Illinois
• Holcim's 0.6Mta Skyway slag grinding station in Illinois
• Holcim's 0.7Mta Camden slag grinding station in New Jersey, along with a terminal in Massachusetts.
These proposed divestments have been negotiated with the staff of the Federal Trade Commission, and remain subject to review and approval by the Commission, the companies said in a statement.

The divestments will be completed subject to acceptance by the Commission and to the closing of the merger between Holcim and Lafarge.

Published under Cement News