Holcim and Lafarge announce asset divestment proposal in US
Holcim and Lafarge announced details on the assets they wish to divest in the United States as a part of their planned merger to form LafargeHolcim.
According to Lafarge, the companies hope to sell Lafarge’s Davenport cement plant and seven terminals along the Mississippi River to Summit Materials. They also plan to sell three Holcim terminals in Michigan and Illinois; Holcim’s Skyway 600kt slag grinding station in Illinois; Holcim’s Camden 700kt slag grinding station in New Jersey; and a terminal in Massachusetts.
The proposed divestments have been negotiated with the staff of the Federal Trade Commission, and are still subject to review and approval by the Commission, says Lafarge.
The closing of the merger is expected to take place July 2015. The new LafargeHolcim company would be operating in 90 countries.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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