Bored with Wallboard
- Published: Monday, 01 July 2013 13:43
- Written by Mark Kuhar
July 1, 2013 – In keeping with its previously announced strategy to focus on its core businesses: cement, aggregates and ready-mix concrete, Lafarge announces the sale of its subsidiary's North American Gypsum assets at an enterprise value of $700 million to an affiliate of Lone Star Funds. Lafarge North America's Gypsum division manufactures gypsum wallboards and joint compounds throughout a network of plants in the United States and Canada. In 2012, these operations generated sales of $310 million. As a reminder, these operations were classified as assets held for sale in the Lafarge's consolidated balance sheet since 2011.