North / South America
Lafarge to Divest North American Assets
Jan, 14 2009
(Los Angeles, California) -- Lafarge North America Inc. is actively seeking buyers for some sectors of their business operations in North America. Speaking on condition of anonymity, a company representative has indicated that large slices of their operating sites may be put up for sale. The recent downturn in the economy has made business conditions difficult, with cement sales down over 20% in the USA alone in 2008. Industry forecasts do not paint a rosy picture for 2009 either.
The businesses rumored to be for sale are:
The Asphalt and Paving Business in the USA and Canada, including the Contracting Division
The Aggregates and Concrete Business in Colorado and New Mexico
Other options that are being studied according to the source are the mothballing of the South East Concrete Operations – apparently, business is down by over a third in this region.
Lafarge North America Inc. did not return calls to verify the content of this story.
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