SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: Brasco One who wrote (208364)10/3/2011 3:17:59 PM
From: Jane4IceCream  Read Replies (1) | Respond to of 208838
 
Looks like the world is ending!

Should have stocked up on garlic and guitars like Burt!!

Jane



To: Brasco One who wrote (208364)10/5/2011 3:13:40 PM
From: Oblivious  Respond to of 208838
 
Lafarge believed to be selling aggregates operations to Vulcan

Oct, 05 2011


RSS email print



(Brussels, Belgium) -- Lafarge is expected to announce the sale of its Calera, Citadel & Lakeshore operations in the Birmingham, Alabama area to Vulcan Materials Company.

The southeastern Aggregates Division was not included in the recent sale of assets to Cementos Argos back in May 2011. This $US 760 million transaction consisted of; 79 ready mixed plants in Georgia, Alabama and Louisiana, cement plants in Harleyville, S.C., and Roberta, Alabama, plus Atlanta-area clinker grinding mill; and, six cement terminals (five rail, one port).

As quoted by an anonymous source – “Lafarge did not receive offers for its aggregates business that were near what we considered to be 50% of the value of our South East Aggregates business when Argos purchased the other product lines back in May”.

Lafarge continues its aggressive disposal of US assets, and is putting pressure on the likes of HeidelbergCement (trading as Lehigh Hanson and Hanson in the USA) to follow suit. The proceeds from the sale to Argos, coupled with the proceeds from this sale to Vulcan will help differentiate the balance sheets