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.