Oldcastle parent consummates $7 billion Holcim (Canada), companion asset deal

Sources: CRH Plc, Dublin; CP staff

CRH has closed on a portfolio of Lafarge S.A. and Holcim Ltd. cement, concrete and aggregate production assets in 10 countries across the Americas and Europe. At a $7.2 billion enterprise value, the transaction is among the largest to date involving publicly traded, global heavy building materials companies—trailing Cemex-Rinker and HeidelbergCement-Hanson ($15 billion–$16 billion; 2007) and Lafarge-Orascom ($12 billion, 2008).

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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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Lafarge’s Buffenbarger chairs Concrete Joint Sustainability Initiative

Source: American Concrete Institute, Farmington Hills, Mich.; CP staff

A coalition of industry institutes and associations representing individuals and companies that design, fabricate, construct, or maintain concrete structures, the Concrete Joint Sustainability Initiative (CJSI) has appointed Lafarge Construction Specialist Julie Buffenbarger as chair, plus Portland Cement Association CEO James Toscas and ACI Director of Sustainability and Marketing Kevin Mlutkowski as vice chairs, focusing on advocacy and operations, respectively.

 
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Lafarge Agilia SCC, NewCem specs hold water for Virginia tunnel elements

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Lafarge North America is playing a major role in the construction of a 4,800-ft., two-lane tunnel under the Elizabeth River in Hampton Roads, Va. Adjacent to the existing U.S. 58 Midtown Tunnel, the West Midtown Tunnel will double traffic capacity between the cities of Norfolk and Portsmouth, helping to alleviate congestion while separating tightly confined eastbound and westbound vehicles.

 
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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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Lafarge joins heavyweight investors in Solidia Technologies funding round

A key player in technology-targeted venture capital, Kleiner Perkins Caufield & Byers (KPCB) has led a third or Series C Round of funding for New Jersey-based Solidia Technologies, whose integrated cement and concrete production and curing processes lower net carbon dioxide emissions when measured against portland cement alternatives. KPCB, Bright Capital, BASF and BP have recommitted to the business in the current round, and are joined by Lafarge Group and another French entity, Total Energy Ventures; and, Sun Microsystems cofounder Bill Joy, who has served on the Solidia board as a KPCB partner.

 
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