Cement News tagged under: Summit Materials
LH Merger nears completion01 May 2015, Published under Cement NewsAs Holcim’s shareholders prepare to meet next Friday to vote on the planned merger with Lafarge, will the confirmed support of Eurocement and a better than expected 1Q15 performance by Lafarge be enough to seal the deal? The planned EUR41bn tie-up between the world's two leading cement majors – billed as a “merger of equals” – was thrown into doubt in March as Holcim demanded new terms, stating that the deal “could no longer be pursued in its present form.” Holcim investors had wat... |
Holcim and Lafarge propose final US asset disposals17 April 2015, Published under Cement NewsLafarge and Holcim announce further details on the package of assets they propose to divest in the United States, as part of their planned merger to create LafargeHolcim. The divestments include: • Lafarge's 1.1Mta Davenport cement plant (Iowa) and seven terminals along the Mississippi River to be sold to Summit Materials for a total consideration of US$450m in cash plus Summit’s Bettendorf, Iowa cement terminal • three Holcim terminals in Michigan and Illinois • Holcim's 0.6Mta Skyway... |
Summit Materials in line for cement IPO?01 October 2014, Published under Cement NewsSummit Materials LLC, which is co-founded by Blackstone Group LP, is preparing an initial public offering (IPO) this year as concrete deals intensify, according to sources quoted by Bloomberg. The sharesale will be manage by Goldman Sachs Group Inc and Citigroup Inc and it is expected that the Denver-based cement company could be valued at about US$2.5bn in the IPO. Summit Materials was formed about five years ago by CEO Tom W Hill, previously North American head of building materials... |
Lafarge North America sells Wichita, Kansas, assets to Summit Materials02 April 2013, Published under Cement NewsLafarge North America is selling its Wichita aggregates, concrete and asphalt/paving operations to Summit Materials. The Lafarge-Summit agreement involves Lafarge’s three aggregate quarries, five ready-mix concrete sites and three asphalt operations in the Wichita area, according to Lafarge. The transaction is expected to close in early April. Layoffs are expected although how many employees it will affect has not yet been specified. Lafarge has had the Wichita operations since November ... |