Lafarge Nets $320M Unloading 5 Md. Quarries To Bluegrass

Law360, New York (January 10, 2014, 6:17 PM EST) -- Cement manufacturer Lafarge said Friday that it has unloaded five Maryland-based aggregates quarries and related assets to Bluegrass Materials Co. for $320 million, a move the French company says nearly completes its months-long mission to consolidate its business.

The businesses Bluegrass Materials is acquiring include operations located in the greater Baltimore area and western Maryland. The deal is subject to regulatory approval.

Lafarge — the world's largest cement maker — said the sale is part of its strategy to refocus on its core U.S. markets located...
To view the full article, register now.