Regulators exact deep concessions in Lafarge, Holcim merger reviews

Federal Trade Commission and Canadian Competition Bureau (CCB) have outlined consent agreements approving the scope or direction of Lafarge North America, Holcim (US) Inc. and Holcim (Canada) Inc. operations following the Lafarge S.A. and Holcim Ltd. merger. The mega-deal is set to close in July as an exchange offer commences this month: 10 Lafarge shares for nine Holcim shares, netting LafargeHolcim.

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U.S., Canadian regulators do their Lafarge, Holcim merger math

Sources: CP staff; Federal Trade Commission; Canadian Competition Bureau

A May 8 Federal Trade Commission statement addresses a consent agreement tied to the Lafarge S.A. and Holcim Ltd. merger, and how Lafarge North America and Holcim (US) Inc. asset sales resolve an administrative complaint alleging anticompetitive effect in 12 U.S. markets and two regions.

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Lafarge, Holcim merger ushers realignment of U.S. and Canadian markets

Sources: CP staff; U.S. Federal Trade Commission; Canadian Competition Bureau

Officials in Washington, D.C., and Ottawa confirmed in early-May consent agreements the approved scope or direction of Lafarge North America, Holcim (US) Inc. and Holcim (Canada) Inc. operations following the Lafarge S.A. and Holcim Ltd. merger.

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Essroc to add Holcim’s Garden State GranCem slag mill, Boston terminal

Sources: Essroc Italcementi Group, Nazareth, Pa.; CP staff

Essroc has signed an agreement to acquire the Holcim (US) Inc. slag cement grinding plant in Camden, N.J., along with an Everett, Mass., cement terminal. With 700,000 metric tons’ capacity, the Delaware River facility stands to triple slag cement output for Essroc, which mills the supplementary binder at Picton, Ontario; San Juan, P.R.; and, Middlebranch, Ohio, operations.

 
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Holcim prepares to dispatch the bulk of its GranCem slag business

Sources: CP staff; Lafarge Group, Paris

U.S. assets Lafarge Group and Holcim Ltd. are preparing to unload shortly after their proposed merger—on track to close in mid-2015, forming LafargeHolcim—include ground granulated blast furnace slag cement grinding facilities unusually strategic to dense population centers: Camden, N.J., 700,000 tons/year capacity, located on the Delaware River, overlooking Philadelphia; and, Chicago Skyway, 600,000 tons/year capacity, on a Lake Michigan inlet near the Illinois-Indiana border.

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Oldcastle parent prevails in $7 billion Lafarge, Holcim asset pursuit

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In an early-February U.S. Securities and Exchange Commission filing, CRH Plc confirmed a binding commitment to acquire certain assets Switzerland’s Holcim Ltd. and Paris-based Lafarge SA had bundled for sale, thereby advancing a merger the producers hope to consummate by mid-year. The commitment centers on a transaction with an enterprise value of about $7.4 billion, and encompasses Holcim Canada Inc. plus a host of overseas cement, concrete and aggregate businesses.

 
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Oldcastle parent prevails in $7 billion Lafarge, Holcim asset pursuit

Sources: CP staff; CRH Plc, Dublin

In a February 2 U.S. Securities and Exchange Commission filing, CRH cites a binding commitment to acquire certain Holcim Ltd. and Lafarge SA assets, ahead of a planned, mid-year merger creating LafargeHolcim. The commitment centers on a transaction with an enterprise value of about $7.4 billion, and encompasses Holcim Canada Inc. plus a host of overseas cement, concrete and aggregate businesses.

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Cement, fly ash producers commit 100-plus truckloads to CIM Auction pool

Sources: Concrete Industry Management National Steering Committee; CP staff

Cemex USA, Holcim (US) Inc., Lafarge North America, Lehigh Hanson Inc. and Titan America have each donated 10 truckloads of portland cement to the 10th annual CIM Auction, February 4 at the Las Vegas Convention Center—in conjunction with the 2015 World of Concrete.

 
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Oldcastle parent confirms Lafarge, Holcim asset interest

Sources: CP staff; CRH Plc, Dublin

CRH is among suitors for certain assets Switzerland’s Holcim Ltd. and Paris-based Lafarge SA have bundled for sale, thereby advancing a merger the producers hope to consummate by mid-year. Assets on the table include Holcim Canada Inc. and a host of overseas cement, concrete and aggregate businesses.

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