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Eagle Materials Inc. to acquire two Lafarge cement plants in North America

World Cement,

Eagle Materials Inc. has entered into an agreement with Lafarge North America to purchase Lafarge’s Sugar Creek cement plant in Missouri and Tulsa cement plant in Oklahoma, which have a total production capacity of 1.6 million t. In addition, it will also acquire Lafarge’s related assets, including two aggregate quarries, six distribution terminals, eight ready-mix concrete plants and its flyash business.

Pending regulatory approvals, the US$446 million acquisition will close in November or December 2012. Eagle plans to supply some Lafarge operations with cement for 4 – 5 years, and an agreement is to be established with a Lafarge affiliate for the supply of low-cost alternative fuels to the purchased operations.

The acquisition will boost Eagle’s cement capacity in the US by approximately 60%, leaving Lafarge with a cement production capacity of 11 million t across its nine cement and grinding plants in the country.

Adapted from press release by Louise Fordham.

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