Lafarge sells Maryland properties to Bluegrass Materials

By |  January 14, 2014

Lafarge North America Inc. says it will sell five aggregates quarries and related assets in Maryland to Bluegrass Materials Co. in a deal worth $320 million.

“This acquisition significantly expands our footprint along the eastern seaboard,” says Ted Baker II, CEO, Bluegrass Materials. “We are delighted to bring these quarries and their employees into the Bluegrass family.”

The sale, which includes operations in the greater Baltimore area and western Maryland, enables Lafarge to complete its strategy of refocusing on its core markets in the United States. The company now operates a network of integrated positions that are primarily located in the Great Lakes and Mississippi River regions.

Its U.S. operations include nine cement or grinding plants and associated cement terminals, with a combined capacity of 11 million tons, as well as related aggregates and concrete businesses in these markets. Overall, the company’s North American market represented more than 21 percent of its sales in 2012.

Bluegrass Materials currently owns and operates 11 rock quarries, one sand plant and two concrete block manufacturing plants in Kentucky, Tennessee, South Carolina and Georgia.

This article is tagged with , and posted in News

About the Author:

Comments are closed