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Sun June 20 2021

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Lafarge sells gypsum assets for $700m

25 Jun 13 Lafarge is to sell its gypsum operations in North America for a total value of US$700m (£454m).

The sale completes the group’s plan to focus on its core businesses: cement, aggregates and ready-mix concrete.

The assets of Lafarge North America's gypsum division are being sold to an affiliate of Lone Star Funds.

The division manufactures gypsum wallboards and joint compounds throughout a network of plants in the USA and Canada. In 2012, these operations generated sales of US$310m. The operations had been classified as assets held for sale in Lafarge's consolidated balance sheet since 2011.

This transaction is expected to be completed soon, subject to customary closing conditions.

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