US: Lafarge has announced the sale of five aggregates quarries and related assets in Maryland to Bluegrass Materials for a total enterprise value of US$320m, subject to relevant regulatory approvals.
With these divestments, Lafarge has largely completed its strategy of refocusing on its core markets in the US. The company now operates a strong network of integrated positions mainly located in the Great Lakes and Mississippi River regions. These include nine cement or grinding plants and associated cement terminals with a combined capacity of 11Mt/yr, as well as related aggregates and concrete businesses in these markets.