Lafarge, the world’s leading cement producer, has signed an agreement to acquire the plasterboard businesses of Gyproc in Germany, Poland and Central Europe from the British building materials company BPB.
The purchase price of the company was 53 million Euros in cash on a debt-free basis. Gyproc generates annual sales of 48 million Euros and employs a total of 260 people in these countries.
The conclusion of the agreement is subject to approval by the relevant competition authorities.
Just yesterday, Lafarge announced the sale of its 33% interest in South African-based Natal Portland Cement (NPC) to Cimpor.
In South Africa, Lafarge now intends to focus on its cement operations where it holds management control. Its cement operations consist of a cement plant, with a total annual capacity of 2.5 million tonnes, which serves the Johannesburg market and the Northern and Eastern parts of the country.
NPC operates mainly in the Kwazulu Natal region (Eastern part of the country) in cement products. It has a main facility located near Durban with a capacity of 1.04 million tonnes.