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Lafarge, Holcim Note U.S. Divestitures

RFTR HolcimLogoApril 20, 2015 – The ducks are not quite in row on the Lafarge-Holicm merger. Lafarge and Holcim gave details of asset disposals in the United States that they propose as part of their planned merger, due to close in July. Lafarge said in a joint statement that it would sell its Davenport cement plant in Iowa and seven terminals along the Mississippi River to Summit Materials for $450 million in cash plus Summit's Bettendorf, Iowa, cement terminal. Holcim would dispose of three terminals in Michigan and Illinois, as well as slag grinding stations in Illinois and New Jersey, the companies said.