Lafarge, Holcim merger expected to impact Canada
The report notes that the companies own about half of the cement market in Canada, which will likely result in several asset divestments in the coming year.
Lafarge has already begun selling some assets in other countries. The company announced this week that it is selling its cement operations in Ecuador.
Financial Post expects a number of buyers would probably express interest in investing in the assets in Canada, including New York-based private equity firm Blackstone Group and other producers such as Mexico-based Cemex and German-headquartered HeidlebergCement AG.
If sold, the plants would likely continue to be operated with existing staff, which employ a combined total of about 9,000 people in the country.
From our partners
Sandvik Construction’s extensive range of rock tools are world renowned for combining advanced materials technology, with skillful design focusing on…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- Atlanta turning quarry into one of America's largest reservoirs942 Views
- CRH continues to eye large deals to grow the Irish aggregate company469 Views
- Nebraska company fined after loader operator dies in accident359 Views
- Three miners injured after air blast following a collapse231 Views
- Quarry being converted into $20 million reservoir in Indiana217 Views