LafargeHolcim dovetails stepped up U.S., Canadian regulator cooperation

Lafarge SA and Holcim Ltd. officials see financial benefits and integration possibilities in their proposed “merger of equals,” netting LafargeHolcim—present in 90 countries with $44 billion in sales; 470 million and 384 million tons of cement and aggregate shipments, respectively; plus, 90 million yd. of ready mixed production. The strategy they outlined in Zurich and Paris last month leads to a mid-2015 1:1 share exchange, the merged business operating under executives and directors drawn equally from both companies.

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Holcim, Lafarge map year-long merger, expedited asset sale plans

Sources: Holcim Ltd., Zurich; Lafarge SA, Paris; CP staff

Holcim and Lafarge officials outlined in April 7 presentations to European Union analysts the financial rationale and integration strategies behind a “merger of equals,” netting LafargeHolcim—present in 90 countries and accounting for $44 billion in sales; 470 million and 384 million tons of cement and aggregate shipments, respectively; plus, 90 million yd. of ready mixed production.

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Holcim consolidates stake in Texas’ Lattimore Materials

Sources: Holcim Participations (US), Waltham, Mass.; CP staff

After receiving Federal Trade Commission and Department of Justice clearance, Holcim Participations has entered a nonbinding letter of intent to acquire a remaining 51 percent stake in McKinney, Texas-based Lattimore Materials Co. A key Dallas-Ft. Worth metroplex player, the family-operated business spans 35 concrete plants on 26 sites, a 400-plus mixer and dump truck fleet, seven aggregate operations, and four rail terminals.

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