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FLSmidth Continues Negotiations to Acquire Ludowici

World Cement,

FLSmidth is continuing negotiations to acquire Ludowici. The Australian firm, which has its headquarters in Brisbane, provides wear resistant products, vibrating screens and coal centrifuges for the mineral industry. Ludowici has a strong presence in several countries with large mining industries. FLSmidth hopes that the acquisition would form part of its strategy of becoming a market leader in major minerals processing, as well as supporting its aim of expanding its customer service activities in the region.

FLSmidth’s expression of interest involves buying all of Ludowici’s shares at a price of AUS$ 7.20 each. The acquisition is dependent upon approval from the Australian courts, Ludowici’s shareholders and the completion of due diligence. 

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