Sources: CP staff; LafargeHolcim Ltd., Zurich
True to a timeline in their April 2014 announcement of a proposed union, Lafarge S.A. and Holcim Ltd. executives unveiled a new global leader in heavy building materials July 15, presenting the merged business, LafargeHolcim, as an operator of 2,500-plus cement, concrete and aggregate plants in 90 countries.
Sources: CP staff
The formal closing of the Lafarge S.A. and Holcim Ltd. merger will trigger expedited unloading of U.S. and Canadian cement, aggregate and concrete production and distribution assets valued at $1 billion-plus. Topping the regulator-driven transactions will be the sale of the Holcim (Canada) Inc. business to Oldcastle Inc. parent CRH Plc, and Lafarge North America’s Davenport, Iowa, cement plant and seven-terminal Mississippi River network to Continental Cement Co. parent Summit Materials.
Sources: CP staff; Federal Trade Commission, Washington, D.C.
The FTC has opened to public comment a proposed consent agreement settling a complaint alleging that the Holcim Ltd. and Lafarge S.A. merger would likely harm competition in the U.S. It details a portfolio of Holcim (US) Inc. and Lafarge North America portland cement and slag cement production and distribution assets to be divested in conjunction with the parent companies’ union.